i think investors are following the sentiment around berkshire hathaway and warren buffett after thereleased. he was talking about asset allocation, being the single biggest defining factor into whether or not investors are going to be rewarded for holding berkshire hathaway shares. be doing aseems to pretty good job. you talked about some of his investments, like nevada energy. he also talked about heinz, and the partnership with dream -- three g capital, all ways to intelligently allocate that capital. >> it is a huge things that andeholders care about, he spent a lot of his letter talking about ways that berkshire hathaway can -- >> $30 billion, i want to hear about -- i hear he wants to give up $20 billion in cash. tonight, andeep write a lot of insurance contract that can result in big planes. he liked that cash discussion. there are all sorts of risks that can be taken on, that they want that fully -- $20 billion for. at the end of the year because the $20 billion in cash. >> where is the speculation on where the next target maybe -- may be? will it be a self-sustaining one lik

hathaway was friends with her son. police found dna and fingerprints on her body and could not connect them at the time. when they checked the database , hathaway was a match. he left a note next to the body admitting he, quote, took the coward's way out. >>> hundreds of people gathered to mourn the loss of a teen. she was hit and killed by a train on sunday. she troughed her cell phone on the tracks and was trying to retrieve it. about a thousand people from the community attended a memorial at martinez junior high school. they held candles as they shared stories about jenna. >> the transgender student who claimed to have been physically and sexually assaulted in a school bathroom made the whole thing up. the student identified as a meal says three boys attacked him at hercules high school. the student confessed to making up the story today. police are looking into whether to file charges. >> the city council has approved a plan to allow facebook to foot the bill for a new police officer. the social media giant will d

hathaway was friends with her son. police found dna and fingerprints on her body and could not connect them at the time. when they checked the database , hathaway was a match. he left a note next to the body admitting he, quote, took the coward's way out. >>> hundreds of people gathered to mourn the loss of a teen. she was hit and killed by a train on sunday. she troughed her cell phone on the tracks and was trying to retrieve it. about a thousand people from the community attended a memorial at martinez junior high school. they held candles as they shared stories about jenna. >> the transgender student who claimed to have been physically and sexually assaulted in a school bathroom made the whole thing up. the student identified as a meal says three boys attacked him at hercules high school. the student confessed to making up the story today. police are looking into whether to file charges. >> the city council has approved a plan to allow facebook to foot the bill for a new police officer. the social media giant will d

. >> get something with anne hathaway stat.ing will be just fine. >> it came true. >> is that anne hathaway, bomb. >> oh, my god, karen, you're back. >> solves the problem with anne hathaw hathaway. >> thank you so much, sir. >> not a problem. we got a lot of calls like this when the album dropped. >> i bet. that album is literally amazing. >>> shopping bag surprise. ♪ >>> when you're falling you want to fall gracefully if the camera's rolling. that didn't happen in these two videos. we start with this guy on the dirt bike who is on a dirt road and he's got his bike and pops a wheelie. but he pulls back too far and watch what happens. >> he ate it. classic wheelie mistake. >> classic gravity. >> shoot. >> this video's from juking video. >> do you know what looks like hurt the most his left hand? because his left hand just jams right into the ground and he's still holding on to the handlebars. learn how to wheelie, you will fall doing the wheelie and he posted the video so, you know, he's not ashamed of his crash. >>> i'm pretty

hathaway was friends with her son. police found dna and fingerprints on her body and could not connect them at the time. when they checked the database , hathaway was a match. he left a note next to the body admitting he, quote, took the coward's way out. >>> hundreds of people gathered to mourn the loss of a teen. she was hit and killed by a train on sunday. she troughed her cell phone on the tracks and was trying to retrieve it. about a thousand people from the community attended a memorial at martinez junior high school. they held candles as they shared stories about jenna. >> the transgender student who claimed to have been physically and sexually assaulted in a school bathroom made the whole thing up. the student identified as a meal says three boys attacked him at hercules high school. the student confessed to making up the story today. police are looking into whether to file charges. >> the city council has approved a plan to allow facebook to foot the bill for a new police officer. the social media giant will d

hathaway was friends with her son. police found dna and fingerprints on her body but could not connect them at the tile. when they checked the database again in january, hathaway was match. he left a note saying, quote, i took the early way out. >>> in the silicon valley to promote california's growing partnership with israel. netanyahu's visit follow as meeting with president obama monday in washington. today he'll sign an agreement with governor jerry brown to promote trade, research and economic development. he's planning a visit to apple headquarters in cupertino and plans to meet whatsapp co-founder who sold his company to facebook last month for $19 billion. abc 7 news report letter have a report live at the top of the hour. >>> russia agreed to a nato request to hold a special meeting in brussels today to discuss the growing crisis in yew cane. russian troops continue to occupy the crimian area. he visited kiev yesterday. the obama administration is considering slapping russia with economic sanctions as early as

david: one stock guru is betting $25,000 that berkshire hathaway class b shares will do less well over years than another group of stocks. cheryl: so where is he putting his money? here is the question. u.s. small cap stocks. we have global guru capital cio. so you are betting against there buffett was this something that you planned to go against mr. buffett, or you're really excited and bullish about small caps and it worked out this way? >> well, you know, it is actually a combination of both. i was actually contacted by a client of mine about a month ago, asked me why his holding in berkshire hathaway has been underperforming the u.s. market over the past three, four, five years. so i did some research into that. and i wrote a piece where i outlined how berkshire essentially had become a surrogate, low volatility sure a got or u.s. stock market. that is a good to hold it but relatively stable bet. i made at that time uncontroversial -- cheryl: is this warren buffett lost it? is that the same piece that you're talking about you wrote? the title is pretty controversial, has warren bu

. >>> berk share hathaway managers ted weschler, todd combs and tracy britt cool. this is a rare appearance. they've never all sat down together. kwaer very excited to have them join us this morning. tweet us with questions from them, as well. joe, back over to you for some headlines. >> okay, becky. i'll read these headlines with maybe a little bit of an echo. i mean, i'm -- it's like so alone here. but, you know, it's okay, i guess. you're kind of with me, right? >> hey, joe, guess who i have with me. >> besides warren? >> yeah. can you take a shot, jerry? >> oh, i know, i know, i already asked. i've already asked for mac, yeah. you know how that -- >> take a shot of -- >> yep. hi, joe. >> i've told you, he completes me. i've said that to him before. >> yes, that's why i took him. >> is it a leaky roof? i never know what it is. sick dog, what is it this time? it's okay on, but i found out he was with you and at least he's doing something. >> right. >> usually he's just -- you know, let me get on to these stories here. i almost said some -- anyway, the major story

>> i think she saw what happened to anne hathaway last year. i think anne hathaway was on so many awards shows people started to not like her. but i think people love her. she's not on screen all that much, but every time she is, it's explosive. >> you come here. >> i said come here! >> now you tell me all is lost? >> you want to survive, do and say as little as possible. >> the hardest thing in sports is to play with a lead. they had a lead ever since people first saw this movie. that's tough. everybody knows you're the top dog and people might get sick of it. or people might want a new story. but still, this is the movie to be to beat. it's always been. >> should it when? is it the best picture? >> i think so, yes. it tells a story that hasn't been told enough. it's going to win. >> it's not my favorite movie of the year. i never want to see "12 years a slave" again. >> it's hard to sit through. >> it's so hard to sit through. >> i stink so much i make myself gag. 500,000 cotton day in and day out. more than any man here. and for that, i will

people beat up on and hathaway? twitter was a vicious.s a little too eager she's an enthusiastic drama club kid. people like to be up on her. >> what was kevin spacey doing their? >> he was with all the a-list stars. it crashed twitter and bradley cooper -- >> which one is he? >> this is successful. integratingat twitter and social media into the grammys was awful. j was mentioning #but this is a clever and comfortable way to bring social media into this. >> we've got cory johnson today. i enjoyed watching it on twitter. . >> the second screen is arguably the biggest change and the way the main events are happening and broadcasting. broadcasters are adapting to what they call the second screen. tweeting, you have to watch it live and if you watch it live -- >> ellen took a picture of everyone with her camera phone and then it was a samsung commercial afterwards. >> do you think that was an accident? >> we want to put this back into the best picture category. interview the director of "12 years a slave." >> at some point, i wanted to make

robert hathaway, his dna and fingerprints, match those found at the crime scene. hathaway committed suicide last month after police talked to him about the case. >>> it's stockton or bust for the google barge all wrapped up at san francisco's treasure island where it's been under construction for months now. just last week, we learned it would be moving out of the bay into stockton's deep water port and that's because the project doesn't have the proper permits for the bay. >>> your fancy google glass not allowed at some bars in san francisco. the willows posted these new signs. the bar says its customers do not want to be recorded. this comes a week after a woman posted this video. she says she was attacked at the molotov bar in san francisco for wearing google glass. that bar has also banned the glasses. >>> facebook is setting its sights on drones. the social network is in negotiations to buy titan aerospace for $60 million. it's a company that makes solar powered drones that can fly for five years without landing . the drones can be used as atmospheric satelli

i mean, warren buffett has been managing berkshire hathaway for 50 years, and if you've invested withver that time, you've done very, very well. he's the second richest guy >> ira, i find warren buffett to be such a fascinating personality. i mean, thousands of people go out to omaha to hear him speak, they wait for this letter to come out. and what i love about him is he lives the same way that he did 50 years ago, in the same three-bedroom house. he likes to drive himself. he likes to travel commercially. is this part of why he is such a cult of personality? >> well, i think that's another thing people admire about buffett. he has his grandfatherly personality. but i think if you read between the lines, there's a lot to admire about buffett, his joy in the dynamism of capitalism. they call that annual meeting the woodstock of capitalism, and he talks in his letter this year about rose blumkin, who came to america not knowing a word of english and never went to school in her life and her family built this furniture mart into stores that do almost $1 billion of business a year. but i

of her son at the time. >> reporter:police say hathaway -- when confronted with the truth last month -- took his own life before he could be brought to justice. strole's son -- who found her -- died several years ago. >> pam: new at eight. that massive beef recall by the u-s-d-a last month. is turning out to be a big problem for many local cattle ranchers. their livestock. >> reporter: 2 left millions of dollars in gold:?who left ok, it's time to set the record straight. covered california is how californians can take advantage of the affordable care act. we can help you get quality health insurance right now. to sign up, call 800-787-9159 or go to coveredca.com. you can also use our website to find local, in-person help. one of the biggest questions we get here is, "does covered california offer financial assistance?" yes. covered california is the only place that gives you financial help with your coverage. millions of californians will qualify. find out if you do. all plans include free preventive care. now, you might have a question about what that means. it means free mammograms

hours' time, warren joins cnbc for an exclusive interview to discuss a record year for berkshire hathaway. get involved by #askwarren. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> well, the crisis in the ukraine and russia's involvement, the total dominating factor for markets this morning. you can see in the last few minutes, stronger pmi from germany and from france. but the market is still in negative territory this morning. let me give you a look at how the individual markets are performing this morning. the german markets down now around 2%. they were down around 2.5% earlier, but stronger than expected pmi numbers coming out. the french market down 1.5%. let me give you a look at what's going on in the foreign exchange and the commodities markets. euro/dollar lower by around 0.2%. the yen and the swiss this morning taking dollar/yen down by 0.4%. gold higher. key concerns of supply concerns of energy based on the idea that we could see sanctions on russia. obviously, we're waiting today for further news on just what action

berkshire hathaway is performing better than icahn industries. that doesn't mean necessarily you shouldn't follow uncle carl, according to scotty markets. charles payne behind buffett. then we have fox contributor scott martin. i love look of it. [whistle blowing] don't laugh. this is very serious. make your case, charles. >> warren buffett speaks to the audience watching the show. he talks about investing, investing for the long term, finding great companies, typically great american companies, riding them through the ups and downs to the obvious finish line. he is not bullying companies. not going in for a quick fix. not trying anything. listen, i don't knock anyone's hustle. i think if you're -- melissa: scott, you better get in there. points are racking up. way behind. hurry, hurry. >> i will knock the hustle and hustle into this. i do like the bullying. guess what, in the booed room? at ceo level these guys need to be bullied because they take advantage of shareholders. that is why icahn is so great. i think both of these guys are great. i d

we are told that ann hathaway was briefed by police, and she is now encouraged that they are able to draw on more resources like the fbi to help solve this. >> i hope they do solve it, but i am not sure that the det detectives do feel that they have a better chance going nationwide to find this person given all of the evidence. i just want to know what happened to ron. it is not going to bring him back. you know, nothing will bring him back. and that is the hardest part for me. >> anne hanes is still clearly grieving bush more hopeful than perhaps in -- grieving, but more hopeful than in weeks in finding the person who killed her husband. coming up at "news4 at 5:00," more from her and what she believes happened to her husband on that veterans day. i'm julie carey, news4. >>> and alexandria police created a special hotline devoted to solving the three murders. you call them at 704-708-7674. >>> a possible robbery under way this morning, and the police released a sketch that was on the left shortly after a woman was robbed at gunpoint in dulles center in february. the new sketch comes

berkshire hathaway will turn valued6 million shares at about $1.1 billion.uld get the tv station along with a yet to be determined number of berkshire shares and cash. that'll -- it is a little bit of a swap and he gets to go into the television business. that's not bad. health food craze is not a bad business to be and which has affected every corner of the food industry. e.comays.com -- graz sees huge growth in portion control snacking. you got an announcement? launched in the u.s. in december, we flew past 100,000 customers. they love it and we think the market is a minimum $500 million e-commerce snacks so we will invest $75 million. >> to where? >> it's in the marketing and product development and the technology. to build thee need logistics infrastructure lets us serve the 250 million addresses. >> you are putting that in the states? >> yes. >> why hasn't caught on? >> as you said, there is a product need and that is americans are looking for healthier snacks which they enjoy eating. with our model, we can very quickly create new products and get it to

warren buffett is backing this competition with berkshire hathaway.nes who have to pay off if there's a winner for this. there's also an offer of $100,000 to each of the contest top 20 most accurate brackets. also worth noting, quicken is donating $1 million to help urban youth education projects in detroit and cleveland as part of this contest. what happens if you nail all of your bracket picks and win the grand prize? you have two payment options. you get $25 million a year for 40 years or two, you can get a lump sum of $500 million right up front. enter on the quicken loans bracket.com website. all you have to do is go through yahoo!'s fantasy sports page. you have until march 20th at 1:00 a.m. eastern time to enter. quicken loans founder and chairman dan gilbert and warren buffett, the chairman and ceo of berkshire hathaway are with us this morning to talk more about this. congratulations. you've had us buzzing about this since you've announced it. >> we're hoping somebody wins. i don't know if warren is hoping. >> of course i hope somebody wins,

anne hathaway. the one and only anne hathaway, master photo bomber.ybody is ready to party. and wolfgang puck is the official chef for the oscars after-party, the governor's ball. and he tweeted out this photo of raspberry and lemon ganache oscar-shaped lollipops. >> delicious. >> looks good. >> everybody has that to look forward to at the after-party. >> tina, thanks. peter, let's go to you. john travolta taking a hit on social media. fill us in. >> yeah. he had this major flub up. i think we have a tape we want to play at that exact moment. >> from the oscar winning animated movie "frozen" please welcome the wickedly talented, one and only adele dazin. >> oh, no. >> did you catch that? he meant to say, idina menzel. who was going out to sing "let it go," that song we heard all week long. we want to show you two twitter handles that come up. there is adele dazim and also the other one, adela -- i mean, adela dazeem. sounds like fruit. >> oh, yeah. that was unfortunate. >> a lot of critique on his performance. >> hey, real quick. ellen was burning up

. >> ann hathaway's plate was attached to her oscar. and the stars don't fully own the oscar. since 1950 winners signed agreements if they want to sell the statue, they must offer it to the academy for $one but judging by the smiles most appear happen yes to keep oscar at home. coming up we're going to hear from the host of the show, ellen degeneres the countdown is on. ask weather is taking a toll. something i overheard if there is a slight chance of rain sunday which looks to be the case, these tents are coming down. >> katie, thank you. looking forward to the reports. abc7 news will be giving you live updates on oscars throughout the weekend here on abc7 news >> abc7 is the only place you can see oscars on sunday. you can click on countdown to oscar sunday so you can choose winners. >> today's rain made it slippery for people just trying to get around town. showers doused folks towards the ferry building. so how long will we see these scenes around the bay? >> well we're not done with scenes like that, yet. we're getting breaks equipment. you can see we don't have a blanket

. >>> the oracle of only ha admitted he doesn't always get it right, berkshire hathaway under performed the s&p 45u678ed last year. it under performed the index for the last five years. warren buffet explained why it's hard in tough times. >> why we do better in markets moving up moderately or the down markets that move up a lot. there has only been one year in the last 49 when the markets were, well, any area that we fell short, the markets were up 15% or more except for one year, so we just don't do well. we like to have had one better than the tail wind. >> i'd like the thank warren buffet for his time. by the way, here are the stories that are coming up that may move the markets and impact your money. mock donald will report same store sales. we'll see if they bounce back after three straight declines. monday is target deadlines to submit documents to congress of when exactly it learned of the security card breach. >>> on tuesday, rupert murdock will be celebrating his 83rd birthday. thursday, retail sales for the month of january are due and on friday the producer price index is ou

berkshire hathaway will pay up. ensuring it for quicken. winner can choose to receive $25 million a year for 40 years or a lump sum payment of $500 million. the brackets go up sunday night. entry deadline is thursday. good luck. that's the show for today. i'm becky quick. thank you so much for joining me. next week, hot tips for tax season. each week keep it here. we're "on the money." have a great st. patrick's day, everybody. and we'll see you next you used to sleep like a champ, you lay down, clocked off and next thing you knew, good morning. so what happened? life happened. work. stress. fun. bad habits. kids. kids. kids. now what? not milk. not sheep. not that. let's think smarter. let's get some science in here. let's build a bed. another bed? no, an entirely new sleep number bed that tracks your movement, your heartbeat, your breathing. sensors working directly with the air chambers, yeah you need the air chambers. introducing the sleep number x12 bed, the first bed that tracks your sleep patterns, and tells you how to adjust for a g

nobody said you too to benedict cumberbatch while an unsuspecting anne hathaway got a surprise souvenirtion -- >> pizza's here. >> big mama and is papa's pizzeria. when they got a mid-oscars delivery order one of the owners brought over the boxes himself, without knowing he'd soon be part of the show. >> leo? you've got to be hungry. no? >> that was definitely the best delivery. while worst has to go to john travolta. >> please welcome the wickedly talented one and only adele dazi. >> reporter: he flubbed his introduction of broadway star iddina menzel for her oscar-winning song from "frozen." ♪ let it go meanwhile, jennifer lawrence makes numbers with her feet. last year at the oscars it was the stairs that did her in. and this time a traffic cone brought about an unanticipated sequel. is it becoming her signature move? >> if you win tonight, i think we should bring you the oscar. >> and remember pharrell's grammy hat? that's becoming his signature. and last night it seemed to make everyone happy. ♪ because i'm happy ♪ clap along if you feel like happiness is the truth ♪ >> oh, and spe

talk to us about this investment is noah who covers berkshire hathaway for bloomberg news. was talking to other property developers and they said there was nothing remarkable about the deal. do, buy and what we hold investments, and a payoff. >> the other interesting thing to notice is when they bought, and that his 1993, and who they from, -- bought from. that is a key component. if you go back to the letter and what he said there, he really highlighted how the property had not been managed terribly well company, and what happened was through good management they were able to bring the rental income up. >> they were, and i asked warren buffett about the tenant, and he said it was well worth. that will worth. th, a tenant that was paying far less. the back story to this is how the two, larry and warren buffett met, which all went back to the days of solomon brothers one warren buffett was ceo of the firm. solomon was the largest tenant at seven world trade center. this is the way billionaires work. goes to larry and says find an investment you would want to invest in and i

his name, robert hathaway. his dna and fingerprints matched those of the crime scene.e committed suicide last month before he could be arrested. >>> no sign of a man who went to dinner with his family, but never made it home. joe vasquez is outside of the restaurant in marin county. >> reporter: this is sufficient a mystery. for the last 15 years, once a week, this gentleman has eaten dinner with his family right here at marin joe's. last wednesday, he ate dinner and simply disappeared. >> very determined man. very nice guy. >> reporter: friends of 93-year- old bob davis say it was dark and stormy when it was time to meet his daughter for dinner last wednesday night at marin joe's about eight miles away. >> his daughter said hey dad, it is raining tonight. i don't want you to drive. i'm going to come and pick you up. and he said no way. he said, i'm a better driver than you are. >> reporter: so he drove. and after about two hours of dinner, he started back but never made it home. >> reporter: they sad goodnight to each other. he has not been heard of or seen. >> it has

berkshirefett says hathaway has plenty of ways to put its cash to use.sted record earnings last year. the 12 alien dollar investments take times. attempt on future deals. they did the deal with three g. worlde news around the continues to play. the main question for investors this year, how strong is the us economy? we will get income and spending numbers in a few minutes. us economics editor is with to give his take on what we will see with those numbers. >> everybody has wondered whether or not is the weather. you can go back and i will show you a picture of what it is all about. this is a snowstorm back in january. afton so many at this point. it has played out with all the data. we know people could not get to work and jobs numbers were depressed. were people spending. we know they have to spend more on utilities. .e will watch them mix your utility bills will go into services. if that goes up on it is still good news in the long run for the economy. still spending money, just averted away from other things. asterisk -- as we watch income we want to

warren buffett's berkshire hathaway is offering a $1 billion offer to those who hit the perfect bracket think anyone is lucky enough or smart enough to go all the way. the fbi estimates americans will illegally wager $2.5 billion on the tournament this year. >> with all that money moving around, should some of it go to players? he's the lawyer that one free agency for nfl players back in the 90's. he is representing a group of college player suing ncaa for compensation. he sat down with an interview with our very own erik schatzker. >> right now most of the players at the top level of football and top level of basketball help the schools earn billion's of dollars and what they end up with is nothing in return. most of them don't graduate. none of them don't get financially compensated. almost none of them have a professional career afterwards. they end up at the short end. >> the schools would argue that most if not all of these athletes get scholarships and there is a value to the scholarship. why is that insufficient? >> the scholarships the players get, the athletic scholarships, and

. >> warren buffett's berkshire hathaway is urging shareholders to vote against a proposal to pay a dividendys berkshire has more money than it needs. the company doesn't pay a dividend because he can generate better returns for investors by pursuing takeovers and buying securities. sony's playstation for gaming console top unit sales, beating microsoft's xbox one. it sold 90% of what the playstation 4 sold. the xbox one generated more revenue because it is more expensive. spending on videogame hardware has increased 42% from a year ago. there is a change coming to the sec 500. changing the same to green mountain coffee. >> larry flynt has been involved with the impediment he of -- with pornography with hustler magazine. he is also involved in capital punishment. new hampshire has become the 19th state to repeal the death penalty. the founder is still the center of this debate. he wants to be heard on the issue. he remains paralyzed after being shot by joseph paul franklin of 1970 eight. despite this, he is always objected to the death penalty being part of the judicial policy. he spoke abou

nothing really in the guardian assurance of mobile even ensured himself that his company berkshire hathaway a hazy guys have to pay out the past practice even if someone does get a billion dollars the true winner is quick and allowances getting your and now my info for free washington dc area boring artsy. earlier this week we told you that we told you about the earthquake that hit the lake area remember the tv news anchors who had two cup so cover my bunny ears problems were traveling with the way. well while cheating covered the event live. the l a times feed everyone else with the first online reported how did they do it turns out the role by generating the story who was on line three minutes after the quake aid. here's the first report that i've posted on like this gives the basic facts about the quake were a hit of the magnitude. although an editor did have a chance to quickly proof read the story the play was published. an l a times journalism program that old slate dot com that he created that col griffin be created an algorithm called big box when i think it's the algorithm takes th

there followed by berkshire hathaway starbucks and coca cola. the top ten also includes walt disney and general electric. idealistic sixth place last year dropped to number sixteen cents to use them if you want my kids off to slumber to support and facebook is in thirteenth place. service through a broad consensus among americans that the us is spending too much work to meet on the military is it for the three reports. thirty seven percent of americans believe that the nation spends on an elixir too much eighteen percent a standstill that of their state spending is about right the global car industry are stable as the chinese new year card industry's offset the decline in consumption and some emerging markets moody's investor service reports. the rating agency expects chinese box but it has to go through a growth of about eight percent while in western europe the car sales will grow out of reach of two percent. electronics plants to cut one third of its staff under the program costs the position adopted by its parent company sony corporation. bl

he has been helped by a rise in berkshire hathaway.s right behind his friend bill gates aaron -- bill gates. bankunited has reached a milestone. includingity holders -- equity holders including wilbur ross and carlyle have made shares available to mutual funds. it is that a 52-week high and it has expanded operations into new york city. joining me is the bank and ceo of bankunited, john kanas. jim reynolds of loop capital is also with us. the did you think about endorsement for florida from john catsimatidis? >> we are sending john a check. >> i was trying to do the math, how many people can be absorbed? >> do not worry. they keep building. >> both of you have been in the banking industry for years. tell me how you think banking will turn out in the first .uarter >> i think it will be tough in second, androbably maybe all of 20. a lot of banks have been anticipating a rise in interest rates, and prognostications are based on levels of rates where we are not there yet. with janet yellen in the thrown, promising more of the same kind of

most famously, anne hathaway was scheduled to wear valentino, and switched to prada. >> they just decidednted to wear other clothes? >> exactly. when a design team spends up to a year designing, sewing, perfecting it for their particular celebrity, and then sometimes releasing press releases about it, cannot only be embarrassing, it can be a disaster. many design houses compare oscars to fashion week in new york. >> there are legal agreement, contract signed between celebrities and the fashion houses, to wear the particular clothes. lupita, the winner, last night, just give us a description of what exactly will that inspire? what type of business are we talking about? >> sometimes celebrities are not willing to sign contracts about what they wear. i do not know what her deal was, but she was bragging about how she worked personally with prada to develop her own style. i think that is something that the consumers can identify with and relate to. even if they do not want to buy that particular down, it will make them want to look for product. >> is that a continuing trend? that the celebrit

in other company news, the latest deal for berkshire hathaway and graham holdings, saying that the extentrren buffett tax knowledge, avoiding on a billion dollars, swapping shares, the billionaire took advantage of tax laws to reduce the irs stake despite the public stance the corporations should pay their share of taxes. betty liu is in san francisco today. you know, betty, i just have to say -- at what point does he put his money where his mouth is? he is out there saying that this is not good. he has certainly benefited from carried interest. and he has complained about it. so, why not just pay more tax? >> i agree. i don't know if you remember, but years ago we asked that question to him. we said that if you do not like the tax law, don't feel you are paying enough, just give more of your money to the government. >> he said that that was not the way that it works. we have to change the existing law so that everyone plays at the same rule. but we would not be talking about this story if it was not for the fact that yes, he himself pays a lower tax rate. he said himself that he takes ad

berkshire hathaway has mystified your target for the first time since warren buffett has taken hold of it. he always thinks long-term. berkshire reported a fourth-quarter income that rose nearly 9.6%. that is $5 billion. the slump in the markets is an opportunity. .hat can open up the company invested $7 billion globally with a focus on the emerging markets. is setne travel agency to announce an initial public offering as early as today. around 350ld raise million euros. ofing up on the next hour boomer tv, we look at the oscar winners, including 12 years a slave. we talked to the president and ceo of the a film production company. we will see you shortly. ♪ >> good morning everybody. we are on the radio, streaming on your tablet, your phone, and of course we are on bloomberg.com. time for today's hotshots. she bounced back in a dual event that took lace in japan. who knew? live action continued in switzerland in the ladies downhill world cup event. big big fog. the active course. bahrain.warmer in lewis hamilton was the fastest in the final day. the mercedes team is in for a good star

warren buffett missed his target at berkshire hathaway for the first time while berkshire underperformed. he doesn't expect that to happen .gain berkshire posted results over the weekend. is innual meeting nebraska in may. microsoft's new boss has announced his first major decision. he is shaking up senior management in an effort to reignite growth. the man passed over for the ceo job is leaving microsoft. ukrainianction to uncertainty. at commoditiesg right now. today charts we have. look at where we are. 103.76. one dollar 30. gold $12. this is where we were when it closed and where we are at this point. above 13.30 an ounce. that is pushing up with a down day. very sharp gains in sydney. here are some of those names. new crest mining and resolute mining. sharp gains. back to you. >> thanks, david. our reporters across asia have been taking a look at the struggles people face getting to work across the region. indonesia's capital has a reputation for having smoke the orst traffic. tommy takes us on his typical commute. >> i'm about to make my way to jakarta's traffic jam to work. a 9.1

it more than 4 million people who have been rolled and warren buffett conversation from berkshire hathawayg 15% almost $486,000 and includes company paid social security but most of his stock his salary has been at $100,000 for the last 25 years. those are some of the stories on fox.com and we spend billions of dollars on this every year. i am not talking about health care why spending hit a record high. after the break. ♪ ho>> gerri: giving royal treatment despite the economy spending on pets was at $55 billion. they will be even getting more generous this year so when exactly are they buying? we have the chief petty officer at the website dedicated to animal welfare and rescue. >> absolutely. us three months to follow up for adoption and roger is the american asked about -- eskimo and it is so sweet and a great family dog. >> we talk about how much people spend you don't have to spend a ton to be happy. >> all the one to do is play and love and sleep and eat that food is so important because number one the fda has not been great to regulating pet food we have a lot of recalls it is impor

it more than 4 million people who have been rolled and warren buffett conversation from berkshire hathaway15% almost $486,000 and includes company paid social security but most of his stock his salary has been at $100,000 for the last 25 years. those are some of the stories on fox business.com and we spend billions of dollars on this every year. i am not talking about health care why spending hit a record high. after the break. ♪ announcer: where can an investor be a name and not a number? scotade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: ranked highest in investor satisfaction with self-directed services by j.d. power and associates. if your denture moves, it can irritate your gums. try fixodent plus gum care. it helps stop denture movement and prevents gum irritation. fixodent. and forget it. gerri: giving royal treatment despite the econom

anne hathaway does this edgy look. i thought, what if we swap them.g. >> i thought that looked so modern and cool. >> only you could come up with that, honestly. >> i love this on anne. it gives her that -- >> i can't believe kathie lee asked bette midler about her girls. did you see her? >> i have girls and i know a halter top can minimize that and -- but, you know, that's a whole other segment. >> that's a thumbs up. a total thumbs up. what about anna kendrick. >> anna kendrick, i love she went to take a risk. this is one of my favorite designers. but you notice it is really busy on her petite frame. the same idea, just kind of swapped out where you can see that the vertical line goes head to toe, she can wear the same idea, less is more, especially when -- >> she looks taller. she looks great. you said jen garner, you would have switched something up. >> jen garner has classic great shoulders but if you get a close-up look, what i did, instead of the one strap, i added straps and created that v neckline because it softened her silhouette and should

it more than 4 million people who have been rolled and warren buffett conversation from berkshire hathawaylmost $486,000 and includes company paid social security but most of his stock his salary has been at $100,000 for the last 25 years. those are some of the stories on fox business.com and we spend billions of dollars on this every year. i am not talking about health care why spending hit a record high. after the break. ♪ so ally bank has a raise your rate cd that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. does your mouth often feel dry? a dry mouth can be a side effect of many medications but it can also lead to tooth decay and bad breath. that's why there's biotene. available as an oral rinse, toothpaste, spray or gel, biotene can provide soothing relief, and it helps keep your mout

brookshire hathaway has reached another milestone. $300 billion in market cap.trade around $183,000. visa and mastercard forming a new group to improve payment systems. the group will include banks, credit unions and retailers. florida shipping truck production from mexico to ohio. it currently makes -- it will retool the plan to build the new trucks early next year. that is the latest from the fox business network. giving you the power to prosper. after a quick commercial, "money" will be right back. ♪ up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. >> turning to the underworld now. the counterfeit market is flooded with everything from electronics to chanel bags. how can they be sure they are buying the real deal? let's go to adam housley live in cal

you like michael ♪ ♪ i wanna kiss you like prince ♪ ♪ let's get it on like marvin gaye ♪ ♪ like hathawayi kinda like it, like it out of my league old school chic ♪ ♪ like a movie star from the silver screen ♪ ♪ you're one of a kind living in a world gone plastic ♪ ♪ hey, baby you're so classic ♪ baby you're so classic baby, you're so classic ♪ ♪ baby, you're class and baby you're sick ♪ ♪ i never met a girl like you ever til we met ♪ ♪ a star in the '40s center foeld in the '50s ♪ ♪ got me tripping out like the '60s hippies ♪ ♪ queen of the discotheque a '70s dream and an '80s best ♪ ♪ hepburn, beyoncÉ marilyn, massive ♪ ♪ girl, you're timeless just so classic ♪ ♪ you're over my head i'm out of my mind ♪ ♪ thinking i was born in the wrong time ♪ ♪ it's love on rewind everything is so throwback-ish ♪ ♪ i kinda like it, like it ♪ out of my league old school chic ♪ ♪ like a movie star from the silver screen ♪ ♪ you're one of a kind living in a world gone plastic ♪ ♪ baby, you're so classic wrae yeah baby you're so classic ♪ ♪ hey yeah yeah baby you're so classic ♪ >> so classic. [ cheers an

linda hathaway is paula's older sister. >> i told my husband, i said i got to go be with my mom. >> theyhey had search and rescue out and they had to wait for the storm to pass before they could use helicopters. >> at burn side lake, paula caught a glimpse of the sun, the first in two days and gathered her things as past as she could, frantic to make a break for it, but then the storm came back. >> i had to keep telling myself, it's got to break, got to break. things going through your mind, nobody is going to find you back here, you're going to freeze to death. >> must be tempting to want to just go. >> yeah, because you're terrified. >> saturday night, the storm ranged stronger than ever. meteorologist mark. >> the winds were hauling with that one. if we saw the strongest winds, late saturday night, early sunday morning. >> wind gusts slammed into the jeep rocking it, no way to sleep, no way to stay warm. that was the night her dreams began, and they were horrible. >> i was right by the gate, and i was calling 911. we are 911. can you come in here and get me? no, the gate is closed, an

it more than 4 million people who have been rolled and warren buffett conversation from berkshire hathawayalmost $486,000 and includes company paid social security but most of his stock his salary has been at $100,000 for the last 25 years. those are some of the stories on fox business.com and we spend billions of dollars on this every year. i am not talking about health care why spending hit a record high. after the break. ♪ what does everything mean to you? with the quicksilver cash back card from capital one, it means unlimited 1.5% cash back on everything you purchase, every day. it doesn't mean, "everything.. as long as you buy it at theas station." it doesn't mean, "everything... unl you hit your cash back limit." it means earn 1.5% cash back on every purchase, every place, every occasion, all over creation. that's what everything should mean. so consider... what's in your wallet? that's what everything should mean. c'mon, you want heartburn? when your favorite food starts a fight, fight back fast, with tums. heartburn relief that neutralizes acid on contact. and goes to work in seco