exclusive charlie monger compares trading bitcoin to trading freshly harvested baby brains which is quite interesting because he to me looks like a freshly baked harvested baby brain eating freshly harvested baby brains a quote from charles monger does not dissuade anyone from considering him to be part of the illuminati does it apparently this is what they do. war it are freshly are resting baby brains all the time while underperforming the index funds and the s. and p. for ten years straight these guys are losing people money as compared to an s. and p. index they get bailed out in two thousand and eight for their fraud they support wells fargo a terrorist organization in america that's actually performing financial terrorism with the blessings of warren buffett and charles monger and he is the temerity to criticize bitcoin the same way he missed apple for the first oh let's say hundreds of thousands of percentage points he missed he's out their annual meeting saying who we used to because we have a sexual relationship with a wal-mart people we couldn't possibly invested i was because w

exclusive charlie monger compares trading bitcoin to trading freshly harvested baby brains which is quite interesting because he to me looks like a freshly baked harvested baby brain eating freshly harvested baby brains a quote from charles monger does not dissuade anyone from considering him to be part of the illuminati does it apparently this is what they do. warriors are freshly are resting baby brains all the time while underperforming the index funds and the s. and p. for ten years straight these guys are losing people money as compared to an s. and p. index they get bailed out in two thousand and eight for their fraud they support wells fargo a terrorist organization in america that's actually performing financial terrorism with the blessings of warren buffett and charles monger and he has the temerity to criticize big coin the same way he missed apple for the first oh let's say hundreds of thousands of percentage points he missed he's out their annual meeting saying who we used to because we have a sexual relationship with the wal-mart people we couldn't possibly invest in amazon b

liz: they should invite charlie monger as their keynote speaker. arlie doesn't understand it. it's so beyond him, right? liz: well he's seen enough over the years and he's formulated this opinion but it's not necessarily right. but we'll watch it charlie great reporting. charlie: do you know who they should invite? jamie dimon. liz: well at first he didn't. charlie: now he does. liz: go to foxbusiness.com to check out all of our coverage from that great line that has gotten so much attention that warren calls bitcoin rat poison squared. we beat our competition, yes. charlie: all of it? liz: yes we did berkshire hathaway shareholder meeting in omaha and if you can check out our exclusive interviews with the potential at least one of them potential successors greg a bel, and my sit-down with the oracle of omaha himself and his right hand man the always fascinating charlie monger. don't go away we're six minutes from the closing bell up next how you can cash in on the rise of drones. our countdown closer says there's some money to be made in these high

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

that was, that got so many headlines because charlie monger, vice-chair told us five years ago when i about early stages crypto currency, do you know anything about it what do you think? he said it is rat poison. i asked warren, it has gone from 100 bucks, 19,000, depending on minute. he said that is rat poison squared. i questioned him, a lot of twitter followers write wait a minute, because he is old school in the greenback doesn't mean it is not a viability opportunity for some investments. i will ask the two gentlemen. we have special surprise guest. this is the year of the woman. most important woman in warren's life for the past 65 years. you follow warren. everybody keeps looking for what happens. >> i love to see you and looking forward to it. when i think of berkshire hathaway meeting i think of warren buffett and liz claman. good to see you out there. i look forward to hearing more. thank you very much, liz. be sure every one tune in to "countdown to the closing bell" for much more on liz's "weekend with warren" at the top of the hour. that is coming right up. >>> residents

the newest edition. >> his partner charlie monger.nvesting. >> it's about candor and operating a publicly traded company. >> and hudson book sellers ross does about 20% of his yearly business in about three days over the shareholders weekend. >> we have a whole array of books over all the years buffett and monger-related titles. >> that was a sneak peek of a special documentary airing tonight on cnbc called "warren buffett" investor, teacher, icon it premiers tonight at 10:00 p.m. eastern time. becky spent a lot of time on it. it's worth a good watch. you don't want to miss this. warren buffett will be live on "squawk box" for three hours bill gates and charlie monger will join in on the conversation now part of the conversation will start at 8:00 a.m. eastern time a quick final check on the markets after the job report we're at 3.9% unemployment the dow is off about 29 points. >> are you going have a few drinks will you have a cocktail tomorrow night >> i'm headed to omaha. >> will you? >> i might have a cocktail. >> tomorrow evening

buffett and charlie monger tout apple. that is to the upside, gaining again. quick peek at starbucks. nestle payingbillion dollars with the right to sell and market starbucks coffee around the globe. back to you. melissa: thanks, nicole. oil closing up to $70 a barrel. after-hours trading, news on iran deal decision coming to tomorrow. phil what are traders saying about all of this? >> i think the traders, this is classic case of buy the rumor, sell the fact. we were buying announcement on iran, when the news came out, we fell almost a dollar from the close to after that tweet right now. there is speculation by some traders maybe this is not necessarily a sure thing that donald trump will get out of this deal. with boris johnson, the uk finance secretary, giving him the hard press, it is putting doubt in their mind. record open interest for crude. 2.7 million contracts. that is huge. back to you. melissa: phil, thank you so much. david: let's bring in today's market panel. gary kaltbaum, kaltbaum capital management and fox news contributor and fox business's k

is it time for them to spin off that asset warren buffett and charlie monger calling bitcoin a worthlessat poison >> and we're live in hawaii with the latest on the devastating v volcano there. every way we look out for those we love is an act of mutuality. we can help with the financial ones. learn more or find an advisor at massmutual.com we can help with the financial ones. (birds tweeting) this is not a cloud. this is a tomato tracked from farm to table on a blockchain, helping keep shoppers safe. this is a financial transaction secure from hacks and threats others can't see. this is a skyscraper whose elevators use iot data and ai to help thousands get to work safely and efficiently. this is not the cloud you know. this is the ibm cloud. the ibm cloud is the cloud for smarter business. ♪ ♪ i am an independent financial advisor. when i meet a new client, i start by asking questions like: 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 independent gives our firm more freedom

charlie monger went crazy over bit coin. we'll talk to him about that too.alian-american i resent the fact he is not drawn to italian stocks for some reason. maybe get into that with him. find out what the deal is there. >> i will talk to him. neil: a chunk of the coliseum. liz claman, looking forward to a couple hours. she always breaking news on these things. fascinating chat with the most successful investor in human history. it is true. an amazing, amazing record. more after this. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. . . whoooo. when it comes to travel, i sweat the details. late checkout... ...down-alternative pillows... ...and of course, price. tripadvisor helps you book a... ...hotel without breaking a sweat. because we now instantly... ...search over 200 booking sites ...to find you the lowest price... ...on the hotel you want. don't sweat your booking. tripadvisor. the latest reviews. the lowest prices. neil: all right we are up 153 points on the dow. a lot of catalyst for this inclu

munger calls that trading freshly harvested baby brains at their annual event this last weekend charlie monger's compares crypto currencies to turds and dimentia warren buffett does not like crypto currency is a position he read it 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 eighty seven they're both getting ready to you know shed their mortal coil and exit berkshire hathaway. cryptocurrency these big coins is a response to their legacy their witnessing what that what they caused this is th

they like and the trade currency the always eloquent charlie monger joins us now.this is getting a lot of attention. more than it probably deserves because there are much bigger issues that we deal with here. there was supposed to be a conference this week in an omaha had to ask you could've been in the keynote speaker would you have said yes. if they want to have a conference on sewage. you called rat poison right here. you called it but that's when it was about hundred $50. it's more expensive rat poison. there are some people who are able to make some money. we heard from some people who are very passionate about this. what he said to that. i think these boom do harm to a country. economic consequences that are bad for the whole country. if there is anything that needed being stepped down been stepped down on heart is a bit coin. you're sitting there on stage. we have an r-rated meeting. somebody pays somebody else to own the same thing. it has produced nothing. and the people they came in our fine. you can of stocks they earn money for you it's a whole differen

this is the say i got a second half much more coming your way and that bobby short the son of charlie monger so i refer to. don't go away. ministries police forces and city administrations of many countries depend on one corporation that does my mike will be one of the it's. just going to come to the woods as if either of you got into this it's like from proprietary software you don't know the source code isn't that a security risk when you have a black box operating in the public eye to microsoft dependency puts governments under a cyber threat and not only that some. of them will be. the. ones tightened on. your patience stopping them or some sting of who's the one who's up and his cards on the front. i played for many clubs over the years so i know the game inside guides. football isn't only about what happens on the pitch for the final school it's about the passion from the fans it's the age of the superman each kill you narrowness and spending two hundred twenty million. books it's an experience like nothing else not to because i want to share what i think what i know about the beautifu

a position that's open you can catch gates along with warren buffett and charlie monger live from omahae awkward the gates foundation just six months ago, committed $300 million to help farmers adjust to climate change. it's been good for him the trump administration, not as big on stressing climate change as an issue. gates as science adviser might have seemed a bit odd. >> getting clarity on what we might hear at f-8. mark zuckerberg with a facebook post saying they're developing a new privacy control called clear history. in essence, a way to clear your cookies as you would an ordinary search but through facebook once we roll out the update, he says, you'll see the information about the apps and websites you have interacted with and you can clear this information from your account. so stay tuned for that >> let's get to the judge and the half >> obviously, i'm not the judge. welcome to "the halftime report." i'm melissa lee in today for the judge. stocks are dropping. the dow is down by 1.25% we're sitting at session lows right now. a fall on the small caps by about a half aper isn't

there's about 40,000 people who will come to home has, 40,000 share holders coming to listen to charlie mongerbuffett who will be on this stage. you can siee around this hall, about 20,000 people can fit here there will be spillover rooming, people shopping on the other half of the floor, and we have a huge lineup of guests who will be joining us this morning because things are getting going. it's an hour earlier here. i thought at 3:00 this morning when i was up and walking through the hotel, i wouldn't run into anybody, i was in my pajamas. i did run into people. you have to be careful about such things. it's been an active morning already. this morning we have two of the berkshire managers joining us. mike sosh searles from benjamine and j weber. we will get the pulse of the consumer at 7:00 this morning we'll be joined by mario gobelli. and we have don graham who is the former publisher of the "washington post." sold the "washington post" to jeff bezos, the film "the post" is out now about his mother and what she went through in the '60s and '70s with that newspaper. and don graham also a

the world, you can see behind me it looks a little empty because he just took the stage with charlie mongers vice chair but what you have here on the exhibition floor in omaha, nebraska are the 61 or so businesses he owns because he wants to make money even during his shareholder meeting. let me quickly tell you, neil i got him on tax cuts and the corporate tax cut. he said as he stood right by the burlington northern display, yes he owns an entire railroad, that the tax cut for corporations has been a boom and certainly for most if not all of his 61 businesses, and then matt rose who runs the railroad, he's see ing a car go in and out, neil and he said 18 out of his 22 cargo businesses are up, that is highly unusual, and he said i believe that we haven't even begun to see the beginning, even the real beginning of how positive the corporate tax cuts can be. a couple of things he said he sees inflation coming in the last two months warren buffett telling fox business that he had seen more signs of inflation popping up specifically he's got a couple of companies that use a lot of steel, got p

they are most interested in hearing about berkshire and the views of warren buffett and charlie mongerhe 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 bit of a discount. it is only shareholder meeting, wrap your mind around this, melissa, where the company makes money. millions of dollars. only warren. you know, most ceos of most companies are lucky to get out of their shareholder meetings unscathed without tomatoes being thrown at them. here the buffett faithful have come. they are ready to spend. melissa: speaking tomatoes, there is a giant red exclamation mark or red gumby over your shoulder. red gumby

three hours with berkshire hathaway's ceo warren buffett he'll be joined in the last hour by charlie mongernd microsoft co-founder bill gates. that's monday, starting at 6:00 a.m. on "squawk box. xfinity x1 customers can vote, simply by saying, "vote for the voice." i'm gonna vote for... unless, kelly clarkson, you're a coach, because, you know, that wouldn't be fair. [ whispering ] whatever. which artist will you vote for? vote for... ok, still know it's you. i just wanna vote! cast your vote during every live show. simply say, "vote for the voice" or your favorite artist's name into your x1 voice remote. come on! >>> about 26 hours away from friday's april jobs report we'll get the government's data tomorrow for a look at hiring trends, dan roth april over april, year over year, according to you that's a huge number. >> another 19.8% increase. >> in hiring >> hiring. >> crazy >> yeah. if you look and try to find a negative, a month where it dropped, february of 2017 is the only month in the last year that we've seen that happen over march of this year, march over last year was up double t

yvonne: after these earnings came out saturday in omaha with warren buffett and vice chair charlie mongerng general meeting. they test on financials, economic, even political issues as well. ramy: when you have six hours to talk, you can talk on anything. they talked about a lot of things. they talked about trade tensions with the u.s. and china. our viewers are very just it in this. mr. buffett was optimistic this is moreinks talk as opposed any possible action. . the also said the partisanship in the united states are now means this is a miss for investors because they should be focusing on businesses. in addition to that, he talked twitteron musk and some tit-for-tat because elon musk was saying that moats, in terms is it really effective anymore, mr. musk us he wants to buy and make his own candy company. he was in serious, serious business. lastly, we talk about succession basically, mr. buffett is not going anywhere. yvonne: plenty of back and forth on twitter with elon musk this week. -- g to hear from this is bloomberg. ♪ betty: this is daybreak asia. a company trying to combine s

a potpourri of bonmots from charlie monger here's monger on china he's bullish he says the best companiess. on health care universal single health care payer is coming as soon as democrats have control of the congress and on apple mike munger said, this surprised me, i wish we owned more of it. >> high conviction on all of those points what i think is amazing is when you hear him speak, to an extent warren buffet as well, the combination of patience and aggression you're patient until you find your aggression. when you find something you don't -- >> wait for the best one and swing for the fences. >> 75 million shares for him wasn't enough to buy apple. >> we know they had to probably agree on this one. we know buffet likes it. to hear charlie munger who has chastised buffet for the ibm, for steering clear of stuff they don't know about which is as important as anything. they are doubling down on this apple thing. it's amazing finally, forget precious metal as a store of value and try vanilla. the spice is up six fold over the past six years because the supply chain is going to madagascar

charlie munger sometimes speaks of these events, too. do you have any idea might join buffett on the stage? katherine: i definitely know charles mongerften on stage with him for these hour-long sessions. he is good because he offers a nice perspective and nice sidekicks warren buffett when they are talking about their bets. we don't know if anyone else will join us. it will be interesting if they get time to talk. it will be seen -- something to keep an eye out for. katherine, don't eat too much gary made -- diary-made there. katherine: i won't. mark: let's move on -- payrolls rebound in april. important insight next with the former fed governor. that is just ahead. this is bloomberg. ♪ vonnie: live from new york, i am vonnie quinn. mark: from london, i am mark barton. this is "bloomberg markets" on bloomberg television. time for the stock of the hour. the low-cost airline norwegian air shuttle rejecting two takeover proposals from the parent of british airways. i ag says it is considering what to do next. we are joined -- [indiscernible] funny morning. no role mention of norwegian. and then the news. >> news buried in an analyst pre