sun says that the lunch with buffett will be a great opportunity for mutual understanding his bid by the way shattered the previous record bid of nearly 3 and a half million dollars. tries to teach or daughter a lesson but not >>everybody approves the debate sparked after a girl stood on a corner holding a si >>in florida. it was recently seen it this busy intersection she was holding a sign reading. >>i live. it was apparently some kind of punishment for a lot of people are now speaking out saying it was a dangerous idea and elise garcia reports. >>holding a sign that there standing out there holding a sign because apparently she lied about something that said i lied i humiliated my mother and myself i'm one of the parents of other female can't was with her an intersection on the median while she was holding a sign for everybody to read. >>one witness says her mother was standing watching her and other adults were on the sidewalk watching as well somebody hit coast. >>this facebook post causing people to give their parenting opinions. i'm sure that girl will never lie again because

that was what i told you yesterday about warren buffett and 3g capital buffett telling becky quick, there no tensions between himself and 3g berkshire hathaway's partner in kraft heinz. buffett expressed sort for the incoming ceo of kraft heinz, miguel patricio, who takes over on july 1st. i stand by the reporting i mean, nothing says that buffett isn't friendly with jorge, but i will tell you the teams of the people who work for buffett and i think that 3g, there is tension not unexpected that said, you heard what he said, they haven't sold the stock, sara, which would speak volumes. >> a lot of other people have. >> but many people wonder whether or not they would ever do something together again. >> so the stock lost about 50% of its value over the last 12 months whether buffett and 3g are at odds or not, is not really the issue. the issue is this company cannot turn itself around people have lost a lot of money, betting on 3g, which was supposed to be this sort of miracle dealmaker to turn around this company just go to kraft heinz brands. velveeta, miracle whip, cool whip, country ti

. >>> someone just paid a record amount to dine with warren buffett and a local charity. at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond. ♪ ♪ this is how driving should feel. the tech-advanced nissan leaf. the best selling electric vehicle of all time. this is nissan intelligent mobility. ♪ >>> new developments. today crews removed an f 16 from insad warehouse after it crashed two weeks ago. the crash happened at march air reserve base in riverside county. you can see the jet wrapped up on the back off a semitrailer there. this is what it looks like shortly after the crash. no one was hurt. the pilot was able to safely eject. >>> we're focussed on building a better b

our lives what we're learning about the man who spent a fortune to spend one afternoon with warren buffett. right now, earn 60,000 bonus miles after qualifying purchases when you apply and are approved for the hawaiian airlines world elite mastercard. plus, you earn miles on everyday purchases. get closer to the travels and moments you'll remember forever with this special offer. need another reason? enjoy an introductory no annual fee. to apply, visit hawaiianairlines.com the campus of u c davis has been captured and tranquilized this is video of authorities are moving the bear from campus. >>officials found the animal after climbed a tree, a spokesperson for the california department of fish and wildlife explains why the bear was likely roaming around the campus. >>from the looks of this dispersing male probably kicked mother who likely just had cubs and when that happens they're often looking for their own habitat for have to sometimes they get lost and wind up in places that are less desirable from theirs. >>authorities say the bear will be checked for injuries before being released ba

s >>> a lucky person pays a pretty penny for lunch with warren buffett. diane king hall has the money watch report. [ music ] >> reporter: wall street heads into a new week with six consecutive weeks of losses. president trump's threat to stop 5% tariffs on all mexican good starting next monday compounded concerns over increased tariffs imported from china. so on friday, the dow tumbled 354 points and the nasdaq sank 114, and the s&p 500 fell 36. more trouble for boeing. the faa said sunday, more than 307 37 planes and may have wing parts that were improperly manufactured and are prone to cracking. the agency said the defect poses a safety issue and must be repaired within 10 days. some boeing max planes which remain grounded after two deadly crashes may also have the part. and an anonymous bidder will be paying for the half million dollars to have a private lunch with billionaire investor warren buffett. that figure is the new record beating the previous mark of 3 1/2 million dollars. the annual online auction to benefit the glide foundation with helps t

it's until noon until 6:00 p.m. >>> new at 11:00, the auction to win a power lunch with warren buffett has ended. the previous high bid was 3.4 million in 2016. that money goes to the glide foundation in san francisco that helps the homeless. the winning bidder will dine with buffett on a mutually agreed upon date. >> just sit on the side somewhere. >> we'll have have good table manners and everything. >>> let's talk about the weekend weather forecast. >> and they probably won't notice that we're there. let's take a look at a time lapse. weekend is looking nice. we're going to have something for everyone. starting to blanket downtown san francisco. we're just a few weeks away from summer and we did have a nice warm up today but it was not too hot. live doppler 7 showing you fog and high clouds. not everyone's seeing the fog. visibility is low in half moon bay down to three miles. seven miles. so the fog is primarily along the coast and the bay. the inland valleys are going to remain on the fair side with no fog overnight tonight. the marine layer is shallow. rufr it's about 1,000 feet

with warren buffett is probably too soon like you said he's a very skeptical towards what growth we can see with thing or appearance he's. more of a gambling mechanic rather than block chain so i don't think anything really all that positive in terms of expectation for the ones are going to be held in the proposed and rocky if i can just get your take on that what do you think a fly on the wall would here at the launch conversation. i think you know because it's been pretty public about his opinion on this whole space as have many of his peers you know i think it comes down to incentives and you know the what they're invested in at this point and certainly not block chain and certainly not this new ecosystem so yeah i would love to be a fly on the wall there's been a lot of posts on linked in social media and one in particular that i was reading went into a dialogue warren buffett would say to the sun and i have to tell you honestly i thought it was the truth until maybe you know an hour later someone said no this was essentially but it should be a really interesting conversation absolu

buffett once charactered it as probably rat poison squared. he sees the lunch as an opportunity to seek a shared understanding on the topic. the charity lunch benefits san francisco's glide memorial church. >>> you may have noticed gas prices dropping a little bit. that's not something we usually see during the start of the summer driving season. it usually goes up. the average price of a gallon of regular gas in california is $3.94. that's down 7 cents week over week. it's a little higher in the bay area. it always seems to be. crude oil prices dropped last month, and that makes up the largest portion of the price of gas. >>> more issues at boeing making travel a little more difficult for passengers. >> 7 on your side's michael finney is here with that story and more tonight. >> that's the 737 that we're talking about today. boeing is telling some airlines flying those to replace a part on the wings. a move that could take more than 100 jets out of service. boeing says it's working with regulators and airlines and the replacement parts once t

and apple and broadcast teaming up and bill gates and buffett are getting together in a heartfelt video> first, the consumer lek trom is show in shanghai and our is show in shanghai and our colleague arjun >> i'll tell you how they may have hit a speed bump. g yourself. you need someone to guide you and help you make those tough decisions, that's morgan stanley. they're industry leaders, but the most important thing is they want to do it the right way. i'm really excited to be part of the morgan stanley team. i'm justin rose. we are morgan stanley. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it out! now you can schedule a callback or reschedule an appointment, even on nights and weekends. today's xfinity service. simple. easy. awesome. i'd rather not. welcome back and good tuesday morning. stock futures are in the green have you noticed the trend lately the dow in th

and i also make lots of fortune from warren buffett inspiration.just want to pay back to warren buffett for his inspiration. second thing is we are focused on the san francisco charity so that is why we also want to donate to the foundation for its endeavors in san francisco community charity. third, basically i want to become the bridge between the institutional investor and also finance institution, traditional investor like warren buffett between the crypto community and also blockchain industry so that is why i also want to bring seven leaders of the blockchain industry, communicate with warren buffett about blockchain technology and the opportunity behind it. >> you said that you have admired mr. buffett, you have made money off of his wisdom and advice were you bothered by some of the comments he's made about bitcoin in particular when he started calling it rat poison squared? i mean you've made most of your money in this area >> yeah, definitely. basically -- first of all, i have been a long time believer for the value investment strategy at

.>>> what would you pay for lunch with warren buffett? the record-breaking winning bid, when that auction closed tonight, we will tell you about it.>>> governor gavin newsom weighing in on the nationwide abortion debate, his message for women seeking abortions.>>> underway, a rainbow flag finds a place of honor where it hasn't been before, a show of support from first responders. man, that's a cool looking hot tub. we should check on the baby. he's so sweet. maybe too sweet? internet's down. go! your home is only as smart as your internet. get reliable at&t fiber and get speeds up to 300 megabits per second and directv. bundle for 75 dollars a month for 12 months. limited availability. may not be in your area. more for your thing. that's our thing. call 1-800-call-att. >>> lgbtq pride month begins tomorrow, and the flying of a flag is a first, a flagpole it shares with the fire department, live with a message they hope to convey.>> reporter: tomorrow morning, before santa roses gave pride parade, the rainbow flag will be raised here, a pr

children and the susan t buffett foundation. david: when somebody said, we are giving you 50 billion dollars we did not expect, what did you say? took a walkl and i after that discussion and we were alone and we both cried. i think we cried, both of us, ren'sse to know war generosity and we would be able to do so much more than we were doing, it was a touching moment. and a touching moment of friendship. when you are doing work, going to sub-saharan africa, you wanted to focus more on women's issues. one of the first was contraception. you are a committed catholic. was it difficult to say, we should focus more of the foundation's efforts in contraception? what was bill's view? did you get flack from the catholic hierarchy? 100%da: bill was supportive. he knew i had learned so much in the developing world from talking to women. he knew i had looked at the data, where we did not have data. i was able to talk to him about it. he knew this was the greatest antipoverty tool we have. if you make sure women have women were million aski

chris winds up being there for three hours with rachel buffett. he's talking to her.y emotionally charged. he says the dynamic between rachel and daniel is just very odd. he's just kind of almost hyperventilating, breathing heavy. >> he throws $400 in cash down and says, "here." and chris williams leaves the apartment. >> detectives believe she made up a guy in a black hat to make it seem like he could be the mystery killer and that she didn't tell them about a critical witness, chris williams. both of them potentially to protect dan. >> at this point, we want to know how come she didn't tell us about chris? three hours, and she deliberately left that out. >> it's very important that you be very honest with us. we've looked through many search warrants. we've looked through records, and some of the things we have very big questions on, okay? >> rachel, our stage actress, shows up in the interrogation room looking like a flower child from the '60s, and she plays that role, while she's being bombarded by very difficult questions from some very serious homicide detective

well, warren buffett, what am i going to do, argue with him?hat's never been a great call no more excuses. i'm helping you form the necessary investing strategies you need in all stages of your life tonight from young to old, i'm going to meet you where you are and take you where you need to be on "mad money" tonight, we're kicking things off by beginning in the crib. forget bingies here are the two stocks you should be buying to give a much needed head start. >>> teenagers have a lot to learn, but there is an important investing lesson everyone can get from them as well. i'll fill you in >>> plus you golden years. my definitive guide to where your money should be sitting at any age. stay with cramer >> don't miss a so effected "mad money. follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. th >> if you can't explain in three bullets why you're buying a certain stock, don't buy it. >> follow "mad money" today.

. >> after the confession police question buffett to see how much she knew. >> did you help him planwhole murder? >> reporter: buffett was charged with being an accessory after the fact for lying to inve investigato investigators. she's serving 32 months in jail. as for dan -- >> that jury trial was the real performance of his life. he's smiling at everybody like he's the star of his own play. >> reporter: a performance that couldn't spare him from being sentenced to die. >> california's governor recently put a moratorium on the death no dan doesn't have an execution date but could remain behind bars for the rest of his life. >>> we switch gears and we're flying far, far away to the planet of batu. with moderate to severe ulceratiyour plans... crohn's, can change in minutes. your head wants to do one thing... but your gut says not today. if your current treatment isn't working... ask your doctor about entyvio®. entyvio® acts specifically in the gi tract, to prevent an excess of white blood cells from entering and causing damaging inflammation. entyvio® has helped many patients achiev

dozens of jimmy buffett fans fell ill in a visit to the country.e have been on the story for a week and we have new developments. trace gallagher? >> a 55-year-old new jersey man died in the dominican republic a few days ago. we don't know if he fits in the common denamors that he suffered heart attack or water on the lungs or drank alcohol or drank from the hotel room mini bar. but he was vacationing for a friend's birthday and he complained of feeling hot at the pool. he went up to the room and found dead the next morning. a jimmy buffett fan group from oklahoma stayed at the hotel riu palace. 114 of them went to the d.r. 47 got sick. we have talking severe cramps, chills, aches, vomiting. some of the people were sick for more than two weeks. the group's organizer six for 19 days and lost 14 pounds says there is a common link between them all. watch. >> everybody that did get sick at one time during the trip either swam at the pool where the swim-up bar was, or they drank something from the swim-up bar. >> another woman said she spoke with the ot

david: you created the foundation from the wealth created from microsoft, and then warren buffett saidi don't know what to do with my wealth. i want to give it to you because i like what you are doing. is that essentially it? melinda: that is essentially it. n's plan was his wife was very involved in philanthropy. it had been to give it away through the foundation he and she had. she passed away early, unexpectedly. he came and surprised us and said, the vast majority would go through our foundation, and his children and the susan t buffett foundation. david: when somebody said, we are giving you 50 billion dollars we did not expect, what did you say? melinda: bill and i took a walk after that discussion and we were alone and we both cried. i think we cried, both of us, because to know warren's generosity and we would be able to do even so much more than we were already doing for people around the world, it was an unbelievably touching moment. and a touching moment of friendship. david: when you are doing work, going to sub-saharan africa, you decided you wanted to focus more on women'

whwins the annual charity auction and gets to have lunch with warren buffett.hanonymous winner blew everyone out of the water with a record donation of $4.5 million to have lunch with warren buffett. >> a lot of cash. >> but he does pick up the tab for lunch. >> you get a deal. it is a deal. >> and the money as always goes to the glide foundation charity in san francisco to help the poor and the homeless. buffet has raised more than $34 million for glides and starting that auction back in 2000. >> impressive stuff. >>> let's turn over to sports. bonnie has a preview of what is coming up next. >> the warriors have a pivotal game two match-up in the nba finals tomorrow against the raptors as they try to head back to oracle with the theory side up and the mvp sports bay area crew is in toronto to get you ready for sunday's game. and steve kerr's favorite team, liverpool face off against tottenham in a champions league final and all of that and more coming up next in sports. >>> i'm donnie jill laughlin. game two of the nba finals is tomorrow as the warriors seek t

buffett has been doing these fundraisers for two decades now.e years the options have brought in around $30 million for g.l.i.d.e. memorial which helps support homeless. >>> a principal is being accused of plagiarizing aston kutcher at a graduation speech. it all started with one graduate noticing similarities and splice videos of the speeches together. take a listen. >> it's really three things i want to share. and those who really know me know that i am very blunt and to the point. so i'm going to share with you now. >> the first thing is about opportunity. the second thing is about being intriguing. and the third thing is about living life. >> the really amazing things i've learned when i was -- i want to share the same with you guys because i think it has helped me be here today. so, it's really three things. the first thing is about opportunity. the second thing is about being sexy. and the third thing is about being living life. >> the graduate who made the video claims this is plagiarism and the principal needs to apologize. >> i think a

the auction to won a power lunch with warren buffett has ended and the winning bid was $4.5 million.a new record. the previous high bid was $3.4 million paid back in 2016 and the money goes to the glide foundation in san francisco which helps the homeless. the winning bidder will dine with buffett at smith and wollensky in new york city on a mutually agreed-upon date. weather wise, it's foggy out there and let's check in with lisa argen tracking the accuweather forecast. >> hi, chris. low clouds and fog making their way around the bay except for inland, last report, concord and livermore were clear and the visibility has been reduced because the cloud deck is lower this morning. so as we look at that in miles we're looking at just under a mile there in half moon bay, pet petaluma and six miles in hayward. temperatures typically cool in san francisco today in the mid-60s and right now it is 51 and 53, san jose, 52 in morgan hill and 50 at the coast. another vantage point where we're looking at the low clouds and fog here, settling into the valley where it is 50, santa rosa, 56 in napa

buffett was your inaugural interview in october of '07 which i remember when you launched the show. in all kinds of things when thinking about berkshire hathaway. they focus on one particular investment or another, they focus on instead of stepping back and looking at the overall organization, looking at the machine, that buffett has created, it's very interesting that in the first quarter of this year, buffett bought back $1.7 billion worth of shares at right around these prices. $1.7 billion is not a lot of stock in a $500 billion market cap but it does tell you something about if he thinks this is an attractive price to begin repurchasing shares and the machine within berkshire hathaway, the wholly owned businesses, the insurance, these are material and important things as far as how to think about value. liz: arguably one of the best investors, if not the best investor of our time. we are up nearly 500 points on the dow jones industrials. the nasdaq is just crushing it at the moment, up 183 points. so much of this is being propelled by big tech. kristina partsinevelos, just yest

if you don't believe me, why don't you read warren buffett's amazi amazing golden anniversary report he makes a great brief for them. why do they work they represent the sum progress of business and process for business going forward they represent the wealth of companies in aggregate and sharing it with shareholders you get to be along for the ride and i want you to be along for the ride in a responsible way which is most definitely owning an index fund. i'm partially s&p 500. but i like a fund that gives you a total return or encompasses all the stocks in the market and fund houses. if you aren't for one, then of course go to the s&p 500 for those who don't get it, here's my bottom line. the show has changed over time from one where we pick stocks for you to where we edge gate you on stocks and understand why index stocks might be worth 234678ing in there's only one problem you like stocks, too, or you wouldn't be watching or need to watch. which is why when we come back, we explain why we bother to delve into stocks at all after we have progressed -- professed, i mean, such dying

we'll hear from a group of jimmy buffett fans who fell vacation there. >> and take a look at who's onk yankees.l they'lell us about the special way they're giving back fans right after this. cold brew coffeeacks. dunkin' donuts premium craft coffee, as easy as 1-2-3. available where you buy groceries. somebody burned down my she shed. your she shed was struck by lightning. is my she shed covered by state farm? your she shed's covered, cheryl. that's wonderful news. home insurance trusted by more people than any other. state farm. home insurance trusted by more people than any other. [upbeat music ♪] you got this. you got this. you got this. you got this. at panera, our salads with peak-season berries... creamy avocado...a and essing fit for a goddess. come taste what a salad shld be. and order online for delivery right to you. panera. food as it should be. he'd die of lung cancer. (susan n) leonard was afraid he never thought it would be copd. you always think you have more time than you do. and you really don't. (announcer) you can quit. for free help, call 1-800-quit-now. she's doin

david: i want to give you an opportunity to respond to warren buffett.ngs to share about private equity. one thing he said, we have seen a number of proposals from private equity funds where the returns are not calculated in a manner i would regard as honest, it is not as good as it looks. does he have a point about private equity in general, there are not the same regulations and we do not have the same transparency, in particular the way that they account for their funds. david r.: he is in the greatest -- he is one of the greatest investors of our lifetime. sometimes those in the equity world like to talk about gross internal the net return is probably more relevant and that is what we like to talk about. but with private equity over the last 5-15 years, and has outperformed any other asset class so it is still attractive and that is why people give money to firms like ours. alix: will that continue? david r.: if there is any virtue in this world and god is looking down favorably, i think it will, because we are doing a good thing for investors, we ar

. >>> we now know who did a lurch with warren buffett.he highlight of south china morning post said can chinese entrepreneur justin sun change warren buffett's mind on bitcoin? he just paid $4.57 million for a chance to try over lunch. >> first mistake, don't pay $4 million to have lunch with anybody. >>> new this morning, a dream vacation in fiji takes a deadly turn for a texas couple. >> they died from an unidentified illness days after arriving in fiji last month. the couple went to a fijian hospital after feeling sick. they got more sick and died within a few days of each other. the cause of their deaths remains under investigation. doctors say early indications point to some sort of virus. the u.s. embassy in fiji did not comment on the deaths specifically but says that the government has been warning of a dangerous flu season that is just hitting the region. >>> 5:25. a quick-thinking maryland girl is being credited for saving her mother's life. >> my mom is not breathing in our house. >> her mother suffered a life-threatening illne

and more than 50 jimmy buffett fans were sickened while on an annual trip in april. at least one tested positive for salmonella last week. joseph alan family is still trying to get his body back to united states. in the meantime we are waiting for toxicology report for the three deaths that occurred last month at the u.s. embassy said that there is no proof that there is a link. >>> a bay area graduate putting enerlstogreat use. he's building bionic hands for a young burn victim? >>> the destruction left behind from the camp fire? >>> a muni a supervisor on leave after a train derailment? >>> family and friends are remembering a special needs teacher that was tragically killed it yosemite. she died from a head injury that she received in a rock climbing accident. she was steadfast about helping others. and created a program for students to feed the homeless and help families that were devastated by the camp fire >> she never took no for an answer. always said that i wanted to be her when i grab. >> she served as a habitat for humanity leader. and was planning to buil

, the orioles with a 4-2 win tonight, fans are on their feet and celebrating like it was a jimmy buffett's concert. the orioles beat the blue jays. >>> wo cup, u.s. womanen taking on thailand. alex morgan, look at at, morgan scores ahead of the 12 minutes. u.s.'s first goal natournt. morgan scoring five gos in the game. ., 13-0. the most goals in the game in women's world cup history. >> let's go to the court now. the mystics facing the connecticut suns. mystic is down byfive. mystic s mystic iin this one and down three. defender makome move and she scores. a game high 24. >>> the redskins is wrapping team's activities this week. time we'll see these guys will be at richmond aining camp. so see, kids, the pros, they're giving summer reading assignments, last day of school iis week, you w get your iis week, you w get your summer reading tthe big carriers areking about their current 5g roll outs, but their efforts are limited ts or trying to convi ae consumers that 4g isually 5g. they're neglecting small towns of the digital divide. leavine if approved, only the combined availableresources o

it's a steak with warren buffett. bid for this year's charity lunch with the oracle of omaha was nabbed by a winner, 29-year-old crypto currency pioneer just jin sun. okay, guys, this should be a very interesting lunch because just last year, warren buffett told me bitcoin was rat poison squared. justin sun's record-betting bid, record-setting bid, beat the previous record of $3.5 million set back in 2012, then 2016. all proceeds will go to the glide foundation which is a charity in san francisco. >>> let us go to breaking news right now and buckingham palace. the queen is entering right now for a state dinner and you can also see melania, the first lady, and president trump, look, he's wearing his gold bow tie. the queen wearing a tiara that is speckled with diamonds and rubys. this is of course major pomp and circumstance. only the third state visit that the queen has participated in. four u.s. presidents, of all the u.s. presidents she has dealt with. let us just watch for a moment. because this is very rare to see

the winning bidder will dine with buffett at smith and wollensky on a mutually agreed upon date.are off to a foggy start and meteorologist lisa argen is tracking the forecast. >> also the drizzle, you may need your wipers from time to time. here is live doppler 7 as you put your visibility in miles. up in petaluma and 6 miles in hayward and 3 miles on the coast and certainly a little gray out there, but from high above mount tam you can see the low cloud deck and this will all burn back to the coast so it should be a nice day today and it is 51 in san francisco and 58 in mountain view and san jose. half moon bay sits at 50 and the east bay hills camera, you can see mount diablo there. a beautiful start to the day and the sun coming up in 30 minutes. it is 50 in santa rosa and 56 in napa and 55 fairfield and upper 50s by the delta with low to mid-50s in livermore and concord where tempetusill be a better e pleasant in the 60s so we'll have that range once again in the shoreline to the inland valleys pretty typical and we'll have the fog and coast at the coast and around bay with t

buffett said 3g's co-founder is a good friend and he plans to see lemann next month.e also plans to attend lemann's 80th birthday party in august. the report has been out about tensions between them. buffett also expressed support for the ceo of kraft heinz reports of the tensions may have been sparked by kraft heinz under-performance. that stock down by 50% buffett says right now the biggest problem facing kraft heinz is that heinz overpaid when merging with kraft back in july of 2015 he said he paid too much and it will take time to whittle down $31 billion in debt at the company. >> you could reasonably be frustrated by under-performance and not have tension >> yeah. you can have disagreements with people or -- he said he's been a partner with charlie for 60 years. not that they agree on everything, but they never had an argument. there's been under-performance at kraft heinz as charlie munger pointed out in the may meeting, there were a series of deals. it was just the last partnership that was rougher at the time buffett said he could imagine another partnership

the winning bidder will dine with buffett at smith and col n wollensky in new york city on a mutuallyate. >> meteorologist lisa argen is tracking the accuweather forecast. hi, lisa. >> hi, chris. it is feeling and looking a lot like june starting out with the compressed marine layer and more fog at the coast and it's beginning to erode and the inland east bay, concord and livermore had some fog and it's getting sunny and 2 mile visibility at the coast and it will be touch and go here, chilly with sun at times and petaluma, visibility reduced there and from the roof camera you can see the compressed marine layer below 1500 feet and that is allowing for that typical pattern that we get here in the summertime. 53 in san francisco and 55 in oakland and 65, mountain view, san jose and 52 in half moon bay and at the airport, certainly gray and the sea breeze later on will warm up through the 60s today and how about upper 60s san mateo and 57 in fairfield, and where the sun has been out it is warming up from fairfield and 62 in concord and 60 in livermore. compared to yesterday at this time

warren buffett's berkshire hathaway is telling the biggest sterling bond in almost two years.y 1.7 5 billion pound deal drew 5.3 billion pounds of offers. the offering is coming in four parts with the longest portion a thirty-year security yielding 1.82 percentage points above treasury. back with me is oksana, george, and colin. let's talk about it. where should you be taking risks? colin was taking about taking duration risk. duration risk versus credit risk right now. oksana? oksana: neither, but taking duration risk is astounding to me, considering three-month a 60 basis points above the five-year treasury. why take duration riskier? not to mention, if you think whyss the bond -- pond, would you pay the government over there for their debt? you are an investor in germany and can't earn returned by lending money to the government. in terms of which risk to take it, when i talk about defensiveness, that does not mean taking on duration, which is what it used to mean in prior cycles. it means high-quality floating-rate orientation in our portfolios. investment rate floaters, o

and warren buffett is becoming an increasingly expensive lunch date. a meal beat its record with a leading offer of over $4.5 million. the anonymous bidder can bring seven friends to dine with the billionaire investor. they meet at a steakhouse in new york. global news, 24 hours a day on air and at tictoc on twitter, powered by more than 2,700 journalists and analysts in more than 120 countries. this is bloomberg. thanks, desley humphrey in dubai. president trump arrives in london for a three-day state visit posted by the queen as the u.s. president's trip to europe continues. watch for headlines from his twitter account and tomorrow from asia, the reserve bank of australia is expected to cut rates for the first time since 2016. president xi jinping begins a state visit to russia. another central bank is in focus thursday, reserve bank of india. the ecb makes a rate decision. i will be there in lithuania. friday is the end of may. not the month, but the prime minister. theresa may steps down as the leader of the u.k. conservative party. anna: i go with

talk about what buffett has called rat poison square.xplain. >>> a bay area woman dies tragically in lake tahoe. we're best friend tells abc7 news what made this woman so very special. >>> and how san jose is going online to stop what's happening in the air. those stories and a lot more when kristen and i see you for abc7 news news at 5:00. bigger, tastier strips of juicy chicken with crunchy batter. spice them up with hot sauce or cool them down with buttermilk ranch. try my 100% all-white meat spicy chicken strips combo today. only at jack in the box. have fast internet a littland now the besthat you mobile network too? yeah and get them together and save hundreds on your wireless bill. wow, that's great. oh, and this looks great. are these words for sale? no. go, go, go, go. now you can get fast, reliable internet and save hundreds on your wireless bill. that's simple, easy, awesome. taxi! should i have stopped her? get started with a limited time offer on xfinity internet for $19.99 a month for 12 months, plus ask how to get two-hund

scarlet: maybe warren buffett. that does it for bloomberg's "etf iq."ch us each wednesday at 1:00 p.m. new york time. this is bloomberg. ♪ jonathan: from new york city, i'm jonathan ferro. bloomberg "real yield" starts right now. ♪ jonathan: coming up, fresh trade tensions providing even more fuel for the global bond market rally. 10-year treasury yields breaking down to a new lows for the year. bund yields printing a new record. the uncertainty leaving high-yield credit a little exposed. spreads widen, funds suffer. another week of outflows. but we begin with a big issue, more fuel for the treasury market rally. >> the bond market rally right now is a risk off trade. >> massive flight to safety.

warren buffett's berkshire hathaway is selling the biggest sterling bond in almost two years.hey 1.75 billion pound deal that drew 5.3 billion pounds of offers. in the united states, investment activity remaining robust, led by pfizer's one set. the longest portion is 30-year security yielding 1.82 percentage points above treasury. back with me around the table is oksana, george, and colin. let's talk about it. where should you be taking risks? collin was talking about taking duration risk. duration risk versus credit risk right now. oksana? oksana: neither, but taking duration risk is astounding to me, considering three-month a 60 basis points above the five-year treasury. why would you want to take duration risk here? not to mention, if you think across the pond, why would you pay the government over there for their debt? if you are an investor in germany and can't earn return by lending money to the government. astounding. when i talk about being defensive, it is not taking on duration as it did in prior cycles. it means high-quality floating-rate orientation in our portfol

.> erkshire hathaway way's ceo warren buffett says despite report, there he been no conflicts with 3g capital, which iss berkshirwnership partner, kraft hines. he report said there were tensions, the result of the chronkronfo underpance and accounting problems. they were both up a fraction in today's trade. zblncht bauch health said it will help paybt down learing its mandatory payment for the first quaeyer of 2020. also launched a new treatment for plaque. 24.33.ares rose to >>> today, aeroenvironment reported profit below wall street expectations. the company cited a decrease in product sales and weaker growth parn margins. the stock fell sharply in afterhours trading initiall it finishe eed the regular sess off just a fraction. >>> well a made in china label is seemingly everywhere these days, but with threat of more tariffs on chinese goods, somemultinational companies are considering moving their manufacturing opethtions out of at country and into places like vietnam. carl reports for us tonight from hanoi. >> this story of this nike pullover t or the adidck suit you might have b

scarlet: maybe warren buffett. that does it for bloomberg's "etf iq." wednesday at 1:00 p.m. new york time. this is bloomberg. ♪ ♪ alix: crops in crisis. tornadoes pummel kansas. rain and floods rage in the midwest. the outlook for farmers who are trying to plant corn with prices near five-year highs. oil, the fight over iran. the administration double down on its hardline with iran, while europe with sanctions, while traders worry about a trade war and global growth. the nuclear debate. two ohio plants might be profitable as the battle over nuclear heats up. we speak to the president of the nuclear energy institute. ♪ ♪ alix: i'm alix steel. welcome to bloomberg

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scarlet: maybe warren buffett. that does it for bloomberg etf iq. us each wednesday at 1:00 p.m. new york time. this is bloomberg. ♪ at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond. alix: crops in crisis. tornadoes pummel kansas. rain and floods rage in the midwest. the outlook for farmers who are trying to plant corn with prices near five-year highs. oil, the fight for iran. -- over iran. the administration double down on its hardline with iran, while traders worry about a trade war and global growth. the nuclear debate. two ohio plants might be profitable as the battle of nuclear heats up. -- over nuclear heats up. we speak to the president o

scarlet: maybe warren buffett. that does it for bloomberg's "etf iq." to catch us each wednesday at 1:00 p.m. new york time. this is bloomberg. ♪ jonathan: pimco investment management is one of the most influential bond houses in the world. in their outlook, they underlined five key drivers that have insight on five key drops i that could disrupt the global market, and their offices in newport beach, california, we have the privilege of sitting down with the ceo. manny: we are making sure we have the results and a plan. jonathan: and cio dan ivascyn. dan: by far our interest is in credit markets. it is related to corporate risk.