>> i think you know what i did. >> her name is rachel buffett. you may remember her from a story we first reported in 2016 about her then fiance dan wozniak and about two families in search of the truth. >> i know a lot of answers now. a lot more than i had the last time we met. >> reporter: now "the final curtain." >> i believe with all of my heart they were trying to get me back and daddy killed me. >> there are things that people need to know and need to be said. >> reporter: the question what would you do for love? we will get to all of that. first, let's go back to where this story began. orange county, california. not too far from the coast you'll find the camden martinek apartments. >> we had pools and hot tubs and where everyone wanted to be. >> reporter: back in 2010, violet lived there with her hen thus. they met a 20 something couple named dan wozniak and rachel buffett. >> a couple that is a little more mature and wine drinkers as opposed to the hard liquor drinkers and thought them, perfect. how could we go wrong? >> reporter: rachel

warren buffett made a late night phone call to then treasury secretary henry hank paulson when buffett made a late night phone call to then treasury secretary henry hank paulson with an idea about how the government might be able to turn the economy around paulson was an idea about how the government might be able to turn the economy around paulson was asleep he'd had a busy night working through various policy ideas with his team to restore calm sleep he'd had a busy night working through various policy ideas with his team to restore confidence and wall street he goes on to say 1st he woke up he did on finance and wall street egos on to say 1st he woke up he didn't know where he was who is this person warring call and he said my mom has a had no where he was who is this person warring call and he said my mom has a handyman named warren and i'm saying who it why is my mom's handyman call and a man named warren and i'm saying who it why is my mom's handyman calling me you know so he was so sleepy he couldn't concentrate playing me you know so he was. so sleepy he couldn't concentrate wa

all from warren buffett in 2008 may have helped save the u.s. economy from warren buffett in 2008 may have helped save the u.s. economy of course this elite class writing in the media think it saved the u.s. of course this elite class of writing in the media think it saved the u.s. economy and that has nothing to do with why this woman in circleville ohio s economy and that has nothing to do with why this woman in circleville ohio is totally exhausted having to work several jobs but an october 2008 in the midst totally exhausted having to work several jobs but an october 2008 in the midst of the financial crisis berkshire hathaway c.e.o. warren buffett made a late night phone it's the financial crisis berkshire hathaway c.e.o. warren buffett made a late night phone call to then treasury secretary henry hank paulson with an idea about how the got called to then treasury secretary henry hank paulson with an idea about how the government might be able to turn the economy around paulson was asleep he had a busy not verman might be able to turn the e

buffett is making an interesting play for bank of america. the streaming wars playing out in real time as netflix gets set to release quarterly earnings after the bell. could it start to experience stranger things as more and more players jump into the stream? social media pioneer and feature film entrepreneur is here in a fox business exculusive on whether the ultimate digital disrupter is now so vulnerable that another one takes the lead? plus, tesla's lucky seven, big blue, wears its red hat, and charlie breaks it on the 26 billion dollars telecom done deal that still is not entirely done. less than an hour to the closing bell, let's start "the claman countdown". breaking news, folks, this could get very interesting. the president right now is in the white house. he is about to hold a bipartisan bi-cameral meeting with congressional leaders, both the house and the senate, both sides of the aisle. the discussion will center on the situation in turkey and syria. if the president speaks and we're allowed to show it on camera, we will take you

it's not true. >> reporter: and then dan spoke about his ex-fiancee, rachel buffett.er. >> if i was given the opportunity to talk to my fiancee right now, i'd either say can i be with you out there or can you be with me in here? >> reporter: here in jail with him? an unusual comment. was there any possibility rachel had something to do with these crimes? you think dan's protecting rachel, or is rachel protecting dan? >> dan would be protecting rachel. rachel's protecting rachel. >> reporter: you think she knows more than she's saying? >> oh, definitely. >> reporter: just what did rachel know? i asked her. >> this is my name. this is my life. this is my entire future. and i have nothing to hide, and i'm innocent. >>> coming up -- rachel the actress or rachel the accomplice. >> police and prosecutors don't believe you were honest with them. >> mm-hmm. >> were you honest with them? (sneezing) (coughing) (sneezing) grab the only tissue with coconut oil, aloe, and vitamin e. nourish with kleenex soothing lotion. the softest lotion tissue. >>> in november 2012, two years af

we are not sure they would spend it as well as warren buffett would.abriel: people who care about democracy -- letting rich people decide how the money will be spent for their foundation, that is not democratic. that is their choice. it is not a democratic choice. it is better if it is democratically decided through votes and congress and democratic institutions of the country. david: talking with professor gabriel zucman of uc berkeley school, an economist who has written a fascinating book about taxation. what about the danger that if you impose a wealth tax, it would cause capital flight. you might affect the growth of the economy overall? gabriel: the european experience with well -- with wealth taxation is quite specific because european countries do not try to tax their expatriates . if your french person and you moved to london, you stop paying taxes in france. that is not the case in the u.s.. if you're a u.s. citizen, no matter where you live in the world, you have to pay taxes to the u.s.. the only other way to avoid u.s. taxes is by renounci

by the way, i heard you talking about buffett loving his banks.nk of america, trying to buy even bigger stake? we have a guy who doesn't care anymore. he owned berkshire two decades, charles. he sold every single share. he is done. why? what doesn't he like about the "oracle of omaha" and how he has run his company? david rolf, wedgewood partners, fox business exclusive. just as important, if you sold a quarter after billion in berkshire stock, david, what are you buying with the money? charles: i do want to know why he sold. tune into "the claman countdown." 3:00 p.m. on fox business. lebron james controversy is actually getting worse. espn reports that lebron met with nba commissioner adam silver last week, pressing him if daryl morey would be disciplined for the pro-hong kong tweet. this comes after james said that morey is uneducated on topic, was not thinking of the consequences of that tweet. meanwhile hong kongers not taking james remarks lightly? burning and stopping all lebron jerseys. >>> meanwhile in the states, sports blog bar stool is

and then there's this, some of the buffett faithful leaving the capitalist church? dow jones reports that chief investment officer of wedgewood partners which has held berkshire hathaway stock for 20 years sold his firm's entire position by the end of last q2. now, in a letter to investors, he expressed frustration and annoyance that the oracle of omaha has not done enough to return value to shareholders, arguing that share buybacks have been stingy and acquisitions have been more hit -- more miss than hit. as he writes, quote, thumb sucking has not cut the heinz mustard during the great bull market of 2009 to 2019. he is joining us on wednesday to explain why he has sold out of his berkshire position. another investor is demanding buffett use at least 15 billion of the company's 122 billion cash pile to pay out a dividend. now, buffett has expressed to fox business and to me multiple times that he -- [inaudible] -- at the thought of paying a dividend and he would rather make acquisitions. berkshire stock is up 1.9% while the s&p is up 18%. that may have something t

buffett. however, i do think they may have gotten overstretched here there are three things, have we hit the trough on the net interest margin story? what are they going to look like in large corporate they've really been putting allowances for that. will the consumer stay strong? university of michigan readouts next week and conference board consumer confidence numbers. if those start to weaken i would start to lighten up on my exposure to banks. >> as it relates to warren buffett, i think that story has helped the share. >> absolutely. >> although i don't think it should have done they have to apply to the fed to notify they've gone above 10%. that was more because of share buybacks and not quite staying on top of exactly where that positioning was as opposed to necessarily a new stake or new buying from warren buffett jp morgan, u.s. bank, wells fargo are sizeable positions for him. i don't think it's an incremental new position. >> i agree with you 100% he thinks bank of america suddenly w

buffett, he is actually sitting on a record amount of cash as well maybe that's why he wants to deploy to more banks but the indicator he mass looked at his entire career, the wilshire 5,000 over gdp in the united states. i mean that is flashing as red as maybe it has ever flashed i've been skeptical. i've been wrong. and the vix below 14 to me is madness. with that said that, the market seems to be full speed ahead. >> that's a vix down 40 peppers in eight sessions. telling what you investors -- it's been a roller coast are i think the sentiment is this tug of war back to what jp morgan, jamie dimon what banks could be telling us the biggest money center at a bank tells you the consumer is health and shending the balance sheet never better the bore oh or oing so high into the number and beat it that's impress guy talks about where the valuation is i don't think it's expensive at all especially best in class but it'sen easy to push back on banks and say they're not all trading luke this. but looking at jp morgan on one year or two-year basis has outperformed the s&p, that tells you tha

that is a pretty big statement by buffett, isn't it? michael: yes. it is interesting, because this is kind of like the -- the long-term investor, you're looking at the environment of banks, where you have got very low yields, flat or inverted yield curves, and slowing growth, and you might think you want to avoid the sector, but actually, potentially, he is a long-term investor and sees a lot of value in it still. wasa: yes, and it interesting, one of the things that was couched with these earnings is the consumer. jp morgan generated the highest profit from its consumer unit in more than five years. how are you feeling about the consumer at the moment at this point, michael? one bright spot, not just for banks but for the u.s. economy? the consumers have very broad shoulders, because we have weaker spending and trade, and this is the same comment i made about the u.s. economy before. fine.using market is policy is really accommodative, so the only thing that could make the consumer role over, i think, is sentiment, and that is what the fed is doing.

>> no, the company is payi inin percent to warren buffett. he has first dibbs, i don't like occidental. >> there's major rotation under the action today "mad money" tonight, mark says that capitalism is dead and needs a reboot i'm talking with the sales force founder and united healthcare sparked a rally yesterday, but what does it mean for the managed care sector. i'm investigating and it's fintech player that could be worth considering, so i will reveal the name. stay with cramer >> announcer: don't miss a second of "mad money." follow@jim cramer on twitter have a question, tweet cramer. #mad tweets. send jim an e-mail, to madmoney@cnbc.com or give us a call at 1-800-743-cnbc, missed something? head to mad money.cnbc.com ♪ >>> mark is the founder of sales force. the guy practically invented the cloud. he is a believer in business as an agent of social change. just yesterday, he published a boom called "trail blazer. earlier we got to talk to him about it take a look. >>> marc, you are comfortable talking capitalism and we will talk about it

desmedro de una especie de casa a la que buffett a es de pelÉ que empiecen ser la gi desmÁn. >> los consumidoresfurias y a la mala gestiÓn de pizzi, ane declarÓ y dijo que creo las condiciones que nos han conducido a este momento, asÍ lo seÑalÓ en rueda de prensa, el mandatario estÁ pal el dÍa de hoy eh. que como ya mencionamos al comienzo del noticiero, el incendio quiÉn queres sigue ardiendo, sigue pasando por sonoma, autoridades emitieron una nueva orden de evacuaciÓn ramos, la agencia cal falla e informÓ que el siniestro lleva veintitrÉs mil setecientos acres consumidos. las llamas estÁn controladas son un cinco por ciento. hacemos mil personas han sido evacuadas de sus hogares y al menos cuarenta y nueve estructuras quemadas, no se han reportado vÍctimas mortales por fortuna. tenemos cobertor buen equipo. el globo de este incendio ha empeorado la calidad del aire no es ametrallÓ caso de lÓpez velarde. no me sÉ cÓmo protegernos, pero antes vamos a pasar como esa colega marÍa antonieta mejia quien ha cubierto muy de cerca este siniestro. >> hasta ahora el incendio quien que ha miles de acres

>> apple keeps buy iing their o stock and so buzz warren buffett. >> when you've got $300 billion incan buy a lot of it back >> it's a slow tech. not a fast tech. not a hot tech still a gadget company they haven't made the shift to service. it's kind of reasonably ripriced hard to say that at 19, 20 times earnings when you're my age. 20 times earnings freaks me out still. but it's got a little bit of a dividend 1.36 while you wait. probably better than the ten year treasury. >> we had a full house there bring that back up everybody here, joe, jon, everybody owns it. >> i only bought it recently >> i know you're not allowed to talk about individual equities, but i would imagine a company with apple's profile would look attractive >> we still like consumer electronics. >> companies with fruits as logos? >> yes, for sure >> narrowing down the categories still talking sectors. companies with fruits as logos >> what we're seeing is that there was lot of pessimism and the devices of apple they stopped giving transparency one of these analysts notes, suggests that services are going to doub

he got out, you got in. >> yeah, because he owns -- >> the oracle of bedford >> no, just because buffett makes -- so he got out but he still owns other stuff he is flat for the year. >> okay. what about these other names you said you were going to talk about each one of them. >> oracle is another inflection point story. cash flow is really strong, moving off the sales greater than 50%, done the right things and i think at some point that stock rerates. ibm is a deeper value play, that will take a lot of time. microsoft for years it went nowhere, all of a sudden you have a new ceo, before that if you held it and then the stock went up, recurring revenue, software -- >> you bought it when the new ceo came in you did quite well. >> if you owned it before you did well, too. >> isn't intel the classic example of this very argument growth versus value. think about what the semis have done, the performance they are witnessing but intel can't get out of their own way. >> i think that is the secular story on chip business chip business you have a lot of fixed cost and i think where we are in the

part of some big mega-company, which is not a healthy way -- except if you're the genius of warren buffette anything. or at least i don't think it's a good way to manage something. maria: you've done it with ticketmaster, expedia, etc. 9. >> yes, yes. maria: have you gotten any sense of what the sharehoers say, the minority shareholders, the board? what kind of response have you gotten? >> well, what they -- in a situation like this, the match, which is right now a public company, we own 83 or 4% of it, but match has its own board. they will hire -- not hire, they have, they've made a special committee of the independent directors, the other directors at match are all iac. so those independent directors have now hire advisors, and -- hire advisors, and they will negotiate with iac on the terms of the separation of the shipoff. spin-off. and that's a normal process we've gone through the many times. we have made them a proposal, which i think, yes, we filed it the other day. so we formally made them a proposal. now discussions will start, and within months they will be on their own. maria:

and warren buffett seeks leeway from the fed, and facebook on the hill.zuckerberg is set to go back to congress and regulators project thisa time. welcome too

and one of the reasons i really like this is it's a warren buffett story. one more than the others he has bought so much and the company has bought so much, he has to petition to buy over 10%. it's his endorsement is really paramount on why i think the stock goes to 35. >> what do you think buffett sees >> i think he sees a company driven by technology that is winning over not just millennials but all ages because there are too many people. i think he sees this i know that this is, by the way, the 11 i know that i tried to get the super 11 they were out of it. but there is just one store. they're not doing that well. but i do think that the excellence with which they're posting technology means a great deal it can save a lot of money and the consumer likes it. >> berkshire owns a lot of apple too. it's only up 2.7%. it has not been a good year. years of underperformance for the single greatest investor >> why did you bring that up end on a negative note. >> i'm just here to deliver the message. >> tim cook, no innovation whatsoever that's why i took a pictu

part of some big mega-company, which is not a healthy way -- except if you're the genius of warren buffette anything. or at least i don't think it's a good way to manage something. maria: you've done it with ticketmaster, expedia, etc. 9. >> yes, yes. maria: have you gotten any sense of what the shareholders say, the minority shareholders, the board? what kind of response have you gotten? >> well, what they -- in a situation like this, the match, which is right now a public company, we own 83 or 4% of it, but match has its own board. they will hire -- not hire, they have, they've made a special committee of the independent directors, the other directors at match are all iac. so those independent directors have now hire advisors, and -- hire advisors, and they will negotiate with iac on the terms of the separation of the shipoff. spin-off. and that's a normal process we've gone through the many times. we have made them a proposal, which i think, yes, we filed it the other day. so we formally made them a proposal. now discussions will start, and within months they will be on their own. maria

and then let's not forget, warren buffett ownf 10%it. >> true. >> if it's good if you have for witharren> let's finish up with generac holdings, a play on homes as well. >> they make generators. and the generator business is tremendous right now. but wh you will a the alternative energies you see what's going on in california with the blackouts. the severe weather. so there is a lot more unreliable, you know, electricity out there. and generatorre becoming -- that's also a housing play like you said in that aote of peo are now budgeting in the new houses you know a $5 tora 10,00 ger we in tornadoes go through dallas in my neighborhood. >> i know. >> there is 16,000 homes that have been without power a week long. but you can drive around and you ssee the os with generators and they're the smart ones. gener 17es earnings but the next four or five years shoul f be tremendou this company. >> on that note, tg thanks so much. >> my pleasure, sue. >> coming up, the gaming the game. video games are a hot industry and that means hackers arecalso trying th cash in. > the video game industry is on

as preparing to feed him with 150 oh guests a buffett with classic mediterranean dishes but a raw seafood door. oven roasted chipotle tritips. read more on the website. >>> senator feinstein with the vp but taking aim petition environmental protection agency after the epa cents this letter to govern newsom and san francisco's public i tults commission yesterday demanding the city clean up or else. today senator feinstein wrote back if the feds are playing fair. snorps feinstein wants to know if the epa was pressured to single out california and the city of san francisco. >> president trump has criticized san francisco and california in recent months. >> new information about a deadly hit and in kurp point. now tell us the driver did it purposely but the victims were random. this is the accused driver. maria ortiz. accused of running over and killing a man on a trail in san antonio owe park on tuesday. a park witnessed her drive back and forth over the ma man several times. she tried to hit a second hiker trying to get away. investigators are trying to figure out what triggered the attack.

warren buffett has said, guys, my personal assistant pays a higher tax rate than i do, which is not faire billionaires are saying we should be paying more tax, why would you say it's a charade or they're part of the problem? >> those billionaires are saying the right thing. now, what is interesting, some of the people you mentioned, if you double click on some of what they actually do in their life, what they do is they say we should pay hiring income tax. they call their accountant middle east when off the cnbc air and say, hey, bob, make sure i only have wealth accumulations this year, capital gains, no income increase. when you're riching you can shuffle things around. the people up above are there because they step on people down below and the people down below are there because they're being stepped on and you cannot say i want to help p team down below in a way that will change nothing for people standing on their neck. real change involves the loss of power and at the heart of this book is an idea that there has been an ideology of the last 40 years that has been win-win. we can e

pretty good if you do the buffett rule because you could see this much of the world clearly on the eve of that ferry. and as you walk through that the fact that you know i think it. takes everything that we've got to. play that mother to be that he took. this he destroyed the. butt of the rock and i didn't want any air india mother did not want i'm. chasing a one time now that this is the history no see here beside me when you need to eat you need to go and see if he's alive and he was static with the sheep the way actually highest praise it and that's all or else you notice we'll see that he's off of it. so the. children end up getting along on. this is. not set. up and you will see that by the legacy that he made that he chases ok wow i met my diddy at the time yeah ca me how. to work you know that was your title in this city nice you can't have the stuff that the mother. had some of them to keep on. with time to find the new climate legally money this year it seemed like. a lot of good. deed in the city. of course. but i have enough to share look. like a satanist to. either so good

prison there is room really if you do the buffett rule because you could see this much of the world on the secondary. unless you want to go at the fact that he gallo i think it. may be giving the view that. he might it be that he took. all this he does goodness to. prove that it was an i.v. i don't get me out to be a mother to no one i am not. chasing a 1000 pound rat wishes that he she knows the kid decided because you need to eat in the toilet and see if he thought it was static with the jeep to what actually last night it and that's all i don't see notice was that he saw fit to look for it so. chose out then took it you know when on. this is. not say. that they will. make that he. can live i met my diddy the guy next to ca made me out. you know why are you tired of my city nice you can't nothing outta me that's not how he might it be that you had some of the key well i'm. the. son. of the blind leading the lead live your. life the way i look good. my g.-d. in syria. because. i have enough you should go. see him if he so i decided to give my just took him some i was told by one of my

recently were quoted as saying that the best time to sell bitcoin is never never seen like warren buffett their own take that is. not really the right time to sell is never and the reason i said that is people were picking on the volatility and i said well let's think about another volatile asset think about amazon amazon's been a public company for 20 years and had a double digit draw down every single year including this year the average peak to trough is 31 percent twice more than 90 when was the right time to sell never so but i jokingly people that owned it from the i.p.o. to sedate her jeff and his mom and dad that's it everybody else was shaken up by the volatility same things to it because people are focusing on the volatility and not looking at the fact that every year say $1015.00 didn't fit but 9 out of 10 years the low in each year is higher than the previous low so the network value is increasing every year the number of transactions making new highs the size of the blocks making new highs the number of wallets making new highs all the fundamentals are positive we're in a bul

jeff bezos remain in 1st place at $114000000000.01 microsoft founder bill gates and investor warren buffett rounded out the top 3 with a net worth of $106000000000.80 respectively it's impressive that fortnight put this man on the forbes $400.00 list i knew it was popular i didn't know the game was free so i guess it's an even more impressive achievement the gaming industry is like one of the highest growth industries in the world right now and we also forgot bernard are not if this were global let's bernanke is still number 2 globally is on the world's richest investor list. that's it by this time you can catch by must on directv channel 321 dish network out to 80 or streaming 247 on planet t.v. the t.v. ads help you send me 9 or you can always hang out with us on you tube dot com slash will most start to see you next time. around until follow on that comes out of. the set of one of monk one of them. a fondness for the main t.v. . not the high. of this month when the photo of the sun shone. on the photo to the north near me a lot of the. then that it is someone who did the board. why a par

bezos remain in 1st place at $114000000000.00 while microsoft founder bill gates and investor warren buffett rounded out the top 3 with a net worth of one $106000000000.80 respectively it's impressive that fortnight put this man on the forbes $400.00 list i knew it was popular i didn't know the game was free so i guess it's an even more impressive achievement the gaming industry is like one of the highest growth industries in the world right now and we also forgot bernard are not if this were a global list or not is still number 2 globally it on the world's richest investor list. that's it for this time you can catch a boom bust on directv channel 321 dish network to 80 or streaming 247 a little t.v. the free t.v. ads 79 or you can always saying you know what those you tube dot com slash 2 most are to you next to. the surface this is not reported. because it's too hard finding to speak that the fact the credit markets reach such a stated just disrepair. that's. causing a run on the dollar. senator chuck schumer famously said shortly after trump was elected to take on the intelligence communi

laughter] 3g has been in the news a lot for some of the stumbles, particularly the tie ups they had with buffetty are behind some of the biggest well-known names in america, burger king, etc. they have a zero-based budget, where they force their businesses every year to justify every expense. the idea is you can't cost cut your way to growth. these investors have suffered . >> softbank has been very much eyes, throes of the media particularly when it looks at wework, but also from an m&a perspective. it seems the fec might sign up for the sprint deal. >> even if the sprint deal goes through, softbank will be pretty underwater on their initial investment. they put in something like $12 billion of equity when they bought sprint. 27% will be diluted to ownership if this deal goes through, but they will still be underwater. they have to deal with $40 billion of debt on this investment. it hasn't gone very well. sprint is very interesting, because that was the beginning of the play for grand empire building. he was going to buy sprint and t-mobile in one go. regulators blocked that. there is uncertai

that stock getting a boost from warren buffett news. more coming up next.this morning, don't miss legendary investor leo cooperman at 8:00 a.m. eastern time we'll be right back. here, it all starts with a simple... hello! -hi! how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! [ camera clicking ] wifi up there? -ahhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your xfinity store today. >> the headlines you need in 60 seconds. firefighters with a fire at an oil refinery in northern california is now under control. first able to control two burning tanks with foam but the flames reig nated a short time later. softbank reportedly in talks with jp morgan on a wework bail out. cnbc has learned one option involves he can withity from softbank and debt from jp morgan >> the final day to hold talks ahead of the brexit summit for talks to be approved it must be reached by today. if an agre

that is the reason warren buffett has done so well. that is the way to think about -- it is not a series of short-term, quick fixes the way mr. trump seems to think. you take a view of what creates value, what creates capability, what makes americans successful and prosperous, and you build it over time, and it compounds. that's how you make a good investment, that's how you build a good company, and that's the way you create a dynamic economy , you invest in things for the long-term that create capability and are fair. that's how you run an economy. steve: let me take this one step further. as you look at brick and mortar companies, sears, jcpenney, kmart, forever 21, and you see what amazon has been able to do, give us a sense of where we are in our economy. how transformational is this period right now, based on your expertise? mr. steyer: it's funny. i have always felt as if every company -- and you are talking about the retail sector -- the traditional, big-box retailers like sears and kmart, and you are talking about an online re