try heinz ketchup, coming up we have the ceo of heinz, bill johnson.arren buffett and 3g capital bought the entire company for 28 early in dollars, they just had their shareholder meeting not nearly as many people showed up but they approved the deal, the fox business exclusive the first time you will be hearing his thoughts on that, and it seems to be a time for shareholders saying we are not willing to give up that much but he did so well bringing the company into emerging markets but what did he do? he made the company attractive enough for warren buffett to buy. dave hyatt and then coming to the hilton omaha. what it does, and i plummeted 7.5%, theirs is just above 3%, david. unbelievably low. plus we'll ask questions about the keystone pipeline as well. david: more employed veterans in nebraska than anywhere else. we will be asking him about that as well. let's get to today's action. granted investment advisor chief investment officer who says the dividend plays are getting a little long in the tooth. steve richey go, chief economist, and may not

berkshire is financing the deal. 3-g, famous for aggressive cost-cutting, will run heinz. the transaction is valued at $28 billion. heinz shareholders will recieve $72.50 in cash, and the company will eventually become private. a new gum with added caffeine is spurring an fda investigation. the food and drug administration is testing the effects of caffeine on children. it follows the release of a new caffeinated gum by wrigley. the fda says children are exposed to more caffeine than ever before. wrigley's new gum is meant for adults 25 and older, and one piece of gum contains about as much caffeine as a half-cup of coffee. there's fracking friction in california. according to the la times, lawmakers advanced a measure this week that would stop fracking until there's more research. critics claim there are too many lingering questions about environmental and health issues. representives from the oil industry say there's no negative effect. fracking involves drilling and breaking up deep rocks with water and chemicals to release oil and natural gas. we probably don't have to

in february he surprised almost everybody buying heinz outright. think of that as his long-time guy who effectuates that? >> i think it is terrific. looking for elephants to invest in. this one he has a operating partner. he is putting up $12 billion. 4 billion in equity and eight billion in a preferred he gets 9%. now part of that preferred he will taking out at premium. he gets warrants to buy stocks, heinz stock at cents on the dollar. liz: as you're talking some viewers are watching and thinking that is just amazing how his mind works. by the way, not just outright companies that he owns we should also mention his stock portfolio which you have fingers in as well is about 87 plus billion dollars. >> year-end was $87 billion. that i think cost was 50 billion. liz: look at some new positions he has taken. always surprises people when he put puts out the filing and says here is exactly what i bought. archer daniels midland. liberty media. verisign which surprised me which is a technology company. he increased stakes in wells fargo, john. it is now

how about heinz before that takeout? how about people look at the heinz takeout saik saying people pay unbelievable multiples for -- >> bleach and spices. >> and i know the range things trade in. i'm an emerging markets guy. i know there's a consumer out there. i know heinz has done as good as job as anyone selling ketchup around the world, but guess, what there's a limit to what you pay for these things. >> heinz 57. >> i'm more of a catsup fan. >> catsup and ketchup are very different, by the way. >> they are? >> yeah, they are. let's move to our trade here. is the market of housing showing cracks at this point? diana olick is on the case. >> rising mortgage rates and rising home prices are never a good mix, but are they a lethal brew for housing or are they an incentive to buy? let's foote all in perspective. the rate on the 30-year fixed is up from the r0rd low 3.47% we saw last december but we're still below 4%, which is historically very low. that said, every one percentage point increase in rates, say, from 3 1/2%

i want to bring in scott heinz. i know you've covered a lot of tornadoes and know that area so well. you know what the mayor had to say. do you also think that this is the worst that you've ever seen? >> yeah, by far. this is utter destruction that you've never experienced. i think oklahoma is known as tornado alley. at least 20 children dead and more than 2030 confirmed injuries. many of those injuries, puncture injuries from debris flying through the air. we know that they treated 65 patients. and there's 45 children. that's what makes this even more heart wrenching. >> people are walking around like zombies. i heard, it might have been our chief meteorologist. this is the worst since 1985. they were in that day care that was inside the federal building. entire neighborhoods, homings, businesses, i mean, completely levelled. at least we've had crews out. throughout the day, we had one of my cleeks first responders with a seven-month old baby. they were trying to seek refuge in the giant freezer. they didn't make i

first, heinz, warren buffet, he gave you that one.er tomorrow on that one, fiedzer, a good pharmaceutical. we think that stock will have a second move in the second half of the year, hershey, general mills, they are both the same, food companies, meap, we are playing diversification, hershey's goes. we ned to add a diversified industrial. you know what, all right, let's just add honeywell because dave cody is one of our favorites, right. we we like get when heinz comes out, we need, i'm looking at a retail, let's add target. because, you know, you're from out there. all right. how's that? good enough? let's go to bill in florida, please, bill. >> caller: jim? >> yeah. >> caller: how are you? >> all right. bill, how are you doing? >> caller: okay. >> go ahead, hit me. >> caller: five stocks? >> right. >> caller: mccormick, mkc, paul corporation, pll, procter & gamble, ag, chevron, cdx, and ibm, ibm. >> all right. let go to work here. ibm, travel trust. stefanie says it's coming back to where it was announced. procter & gamble consumer

remember the last big buy if you havet made was hj heinz, a monster bid. one of the most beloved brands going up on its own. at the time the participants were eeker to mimic buffet. since they thought interest rates were going to stay low, making the high yields of these kind of stocks much more attractive relative to bond. so in other words, buffet and the big boys, the managers who must beat their benchmark, who many uft do better than the s&p 500 every day, every month, every quarter, every year, they were aligned. buffet and those investors were on the same page. but suddenly, we get a good jobs market and these managers are constantly struggling to retain their clients by outperforming those short term and intermediate term are caught, caught in stocks they know do poorly if the economy gets better. they are frantically trying to get out of those stock, semming to their fiezers and general mills and closing the cereals and buying anything that is economically timid, even if it's not doing well. they are also caught trying to boy technology, one of buf

you did the heinz deal with 3-g capital partners and bill johnson, of course, ran that company heinzand now he's been-- let's call it what it is, he's not staying, he's been asked to leave and he told me he's disappointed. that's interesting, because normally you could keep the very person at the top that brought you to the dance. >> well, we join, we joined with 3g and they are the managing partners, we're financial partners and if we can help in some or way, that's fine. we're basically the financial partner and we think that 3g is outstanding, we would love to join them in other enterprises as well liz: charlie, do you think at some point 3g is going to take heinz public again, once it's been private? because that's what private equity guys do. >> they're not normal private equity, not big flippers liz: they flipped burger king. >> they still own it, but i would say this-- >> but after being public, i meant. >> they have their own money. they're the not there to make an override with other people, they're there to make money with their own money and i would be surprised with georg

i think he had been running heinz when he ran heinz for more than 20 years. ever happen again? >> no. i think that the tenure of ceos is continuing to decline. five years ago, the average ten yaur was about eight years. today, it's under four years. >> why? >> i think what's happening -- well, what's happening is wit, pressure on leaders to perform, not only long-term, but short-term is so great, you know, that it's causing turnover quicker. so it's really a pressure on the part of boards and the financial community to perform. >> do you agree? you went through a merger too? >> schering-plough was a tough situation. i was benchmarked as a ceo. the board did the right thing going outside, bringing in a new person, but i'd already been a ceo with two other companies. so i did get the time from the market to be able to do the changes. it really does help if you've been a ceo before, because you do get extra time from the investors. >> you've got to be the ceo for the first time somewhere, right? >> that's the big challenge. and i think what's happening, and this

i don't think he could swim. >> reporter: heinz says they were looking for lizards. no trespassing signs warn people to stay away. when the teenager fell into the water, his 10-year-old cousin jumped in after him. but couldn't save him. that boy got out and called for help. those who live nearby know to steer clear of the canal. they also call the fence weak and rittled with holes. >> we ask if anybody has a report of any holes, we have crews that come out instantaneously to repair those. >> reporter: as far as you know, have the holes been reported? >> i know we reported them once. there are definitely holes in that fence back there that haven't been repaired. >> reporter: antioch police are investigating this drowning and the one on monday with a man that was under the influence. lisa amin gulezian, abc 7 news. >>> two people are dead in texas, a teenage boy is missing. there have been hundreds of dramatic rescues near san antonio. more than 200 people have been pulled from rising water. two women were killed in separate incidents after becoming trapped in their ca

adrian heinz's son was there when it happened. >> i believe he reached in to get his handle and stepped on a rock and fell in the water. i don't think he could swim. >> reporter: heinz says the boys were looking for lizards when they crawled through a hole in the chain link fence that surrounds the canal. no trespassing signs warn people to stay away. when the teenager fell into the water, his 10-year-old cousin jumped in after him, but couldn't save him. that boy got out and called for help. those who live nearby know to steer clear of the canal, they also call the fence weak, and riddled with holes. >> we asked that if anybody has a report of any holes, we have crews that come caught instantaneously in order to repair those. >> reporter: as far as you know have the holes been reported? >> there are holes in that fence back there that haven't been repaired. >> reporter: police are investigating this drowning as well as the one on monday involving a man who was under the influence. in antioch, lisa amin gulezian, abc 7 news. >>> we're following developing news out of texas this morning

scott heinz said it looked like a war zone. >> i have been in this market for ten years and i have never seen anything like it before. >> reporter: even the hospital is in the words of the mayor, devastated. todd lamb said faith will help the people of oklahoma get through this. >> we are a tough people, oak homians -- oklahomaians are tough, we a strong faith based community. >> that was emily schmidt and this is not the first time emily has been devastated by a tornado. back in 99 it killed more than 40 people and caused $40 billion in damage. red cross is helping to provide food and if you are looking for ways to help, they have set up tornado relief funds u-you can call online or text your donation and we will be sharing the amazing stories of survival and any time of day you can follow these stories on our website. >>> they are protesting staffing levels which they say are affecting patient care. tara is at the hospital and we will have more on how this will impact patients. meantime it is day five at sutter hospitals in the east bay. firsts and medical tech knicks are it -- technic

>> well, we always prefer to buy businesses and that's what we consider heinz to be. we'll in in heinz forever and if a few of our partners decide to sell out at some point, i hope they sell to us. we would like to have bought 100% of heinz, but we love the idea of georgie being our partner. so he takes 50% of the equity to bring him in, that's fine with us. >> we talked to you about the jobs report on thursday last week, and you said you wouldn't put money on it, but if you had to bet, you would say it would be weaker. 168 is where it came up. wa do you think about that number and, again, your read on where you see the jobs market. >> it's a good thing i didn't bet on it, isn't it? i don't pay that much attention on numbers from month to month. we're seeing the same thing we've been seeing for four years and that's gradual improvement in the economy. and we cut across the whole economy, so i think it's a pretty good -- a pretty good view of what's going on. wa you are seeing now is areas which didn't participate initiately coming back very strong. we had record sales

buffett stole heinz in retrospect given how high hershey and the like have traded.malone, at the bottom, he only spent $25 million to by virtual media. when going global finally gets cheap, what happens? only malone steps up. this guy is flat-out brilliant. everything faber says about him is true. he's not afraid to make a mistake. i wonder what he would have had to pay for it had he waited until now to start bidding. how about sandy cutler? you're familiar with him, right? cutler knew we could be in for a period of low growth, maybe sustained, so he buys a competitor, at least when the anti-trust department is pro-trust, at least pro-trust with the ceo's about to make money. they will make 21/2 times more money than cooper and eaton would have separately, okay? then there's jeffrey sprecher. the ceo of intercontinental exchange. ask anyone in the united states about the new york stock exchange, and they'll say, pinnacle continental, and ask them about intercontinental, they'll say nice hotel. but he decided to buy the intercontinent with exchange and now he'll be r

i want to bring in scott heinze, he's a reporter for k4 tv. coming up on dusk and darkness descending, what are the status of the ongoing rescue efforts at this moment or whether there's a sense that this is now in a recovery mode? >> it's not good, we're hearing more and more that the search and rescue missions are now shifting to a recovery mow. particularly at this elementary school, there are several elementary schools that took a direct hit. particularly one by the name of plaza towers, that's where 75 students and faculty took shelter from the tornado. and that school, as you can see in the pictures, leveled, wiped to the foundation. cre crews -- there was a hallway and in that hallway, it's obliterated and those children, that third grade class, they seeked refuge there in that hallway and we're told that 24 children may still be in that rubble. it appears that seven children, we're hearing from rescuers that they were found dead, that they had been at the bottom, i guess and submerged in water and that they had likely drowned. so now i

it's not target, it's not heinz corporation. procter and gamble is what it is, and that's the beauty of the company." ulivieri notes that p&g is doing particularly well in emerging markets. the future of lois lerner is in the hands of the house oversight committee. the irs suspended lerner from her position as director of exempt organizations. she held the job while the agency filtered applications for tax-exempt status for words such as "patriot" and "tea party." lerner defended her actions last week, saying she had not broken laws or agency regulations. ken corbin, former deputy director of the tax return unit, is her temporary replacement. some have called for her permanent removal from the irs. the house committee plans to call her back to testify, possibly as early as this week. it's official: news corp. is splitting in two. the stock rose friday after it was announced that the conglomerate will split its publishing arm and entertainment business. the plan had been talked about openly for about a year. rupert murdoch will b

almost $50 billion of untapped money and heinz was the only large acquisition this year. no wonder there's so much talk about a dividend, but buffett is reluctant. >> we think that reinvesting a dollar creates more than a dollar value and if that's the case people can do better since significant premiums of those dollars. >> that's okay with shareholders. they own berkshire because they believe in the oracle of omaha. >> we've done it for 60 years. can't argue with success. >> i am very impressed with warren. i like his down to earth style. >> but as for doug cass, he's still bearish on berkshire. >> there was nothing at all. there was nothing incremental that would make me more positive and less concerned, less cautious. >> his biggest worry, who will run berkshire after buffett is gone? buffett knows the answer, but won't reveal the name to the public. and for now, he's calling the shots and has no plans to slow down. >> no second thoughts about making it easy a little bit? >> oh, no. no. i'm having fun every day. >> he's really amazing, tyler, and as you can see from t

concepts like where is he looking to put money, why does he like companies like heinz, why did he put $12 billion, $8 billion in a preferred, $4 billion in equity. and not complicated. he has made 20% k for 40 years. so if he only earns 10% the next ten years, our clients will continue to double money. >> what do you think he's going to say, what will be the big headline from warren buffett tomorrow, whether about the markets, the economy? >> well, warren always likes to tweak something, whether the notion of the flavor of the day, which is dividends, why not pay a dividend, why not split the stock, what is he going to do with his $56 billion that he personally owns of the stock. and where is he going to make acquisitions and what is he going to do with records to the operating earnings. the housing market is booming. he's going to benefit. >> there's going to be 35,000 people here hanging on his every word. see you tomorrow. we'll be delighted to do that. >> thank you so much mario. >>> you think of them as patrolling the skies in afghanistan or iraq, but unmanned aerial vehicles, be

this report was as of december 31, so the very large department that we got from heinz in march and that will show from the next quarterly report and invested that in the treasuries for now to be safe over anything else. and the fourth report is to date capitol expenditure and revenues and i am happy to answer any questions. >> there aren't any. >> seeing no questions, i will now turnover to bob to give our quarterly project labor agreement report which are really proud of the progress that we continue to make with that. >> thank you maria, directors, we had in february, our quarterly update meeting with the trade unions to brief on progress over the work in the field and also upcoming packages. projects or any work stoppages and we also had this month, a meeting with shimmick and part of the la is for the trade package as it prepares to mobilize and we have a specific preconstruction meeting with the trade unions and all of the subcontractors to make those contacts with both the contractor and the employees who are going to be signing up through the union. the bus ram packaging are bein

70% worldwide penetration like heinz ketchup.en and even said he would be interested in investing 15 to 20 billion in the european country which is the first time he's made mention of going overseas. >> you're not going to suggest any names, bob at this stage as to what he might buy? >> no. >> i guess not. >> no. >> let me ask you, there are two big questions. the first is doug cass reiterated that whether you had a problem that berkshire was so big that it had to buy bigger and bigger pieces to move forward. the next one was worries about succession. which one worries you more, jeff? >> i think he takes care of the succession issue and i don't worry about that at all. he explained why his son howard would be chairman, and that was one of the best questions and most important questions that's been asked of cass for asking it and i give credit for warren buffett and charlie munger for answering it head-on. buffett's been talking about this for 15 years and he even talked about the it back in the days when he was running a partners

the heinz chairman and ceo. warren buffett just bought heinz. bill johnson. more. he is only talking to us and you. we will see you all day long right here in omaha for the shareholder meetings. connell: we look forward to it. thank you very much. dagen: you better fix those objects. for our sake. if they aren't, there will be a problem. moving along. a major issue. still not recovering in the way it should. juan williams is here to talk about it. connell: he is coming up, rihanna is not. the nets went and ruined it on her. we will have that story for you ahead. some of the winners today, not hard to find. here are some of the individual stocks doing well. we will be right back. ♪ ♪ dagen: stocks now, nicole, what are you watching? back below 15,000. >> all right, well, we're taking a look at aig, obviously, a name that used to grab headlines day in and out. 5.5%, 4444 even, property, casualty, and business, of course, we know that, booking the first underwriting profit in two and a half years, quarterly numbers, they did top the analysts' estimates with the

heinz is the only company that has done food deals out there. >> right. >> and part of my multiple, parttion is doing great strategic acquisitions. listen, i got criticized because i went in the u.k. and bought great brands, hartleys and sun path, which will help my business in the u.k. did i get any credit for buying ella's which is right in my sweet spot, which is the number one leading baby food company in the u.k. aed europe? >> i heard is you got two very large retailers. i did feel like you are making strides with kroger and target. it was painful to hear these other two guys, who frankly had not had that good of business, although they do have some degree of control over your business. >> well, listen, but on the other hand, you know, we're one of the largest suppliers to sainsbury and tesco. i want to diversify our base. listen, i don't want to be 100% based business within the u.s. >> that's important. >> i don't want to be whole foods. i don't want to be walmart, kroger. listen, we had a great business in canada and loblaws, growing with soby's there. i want to build no differe

that's why i have a tendency to agree with heinz ward, former great wide receiver for pits pittsburghbe difficult for an openly gay player to come out in the nfl. the last few days i've talked to sports executives, former players, current players and seem to agree with ward that people are saying the politically correct thing, but the reality is it's not going to be as easy as people say it's going to be. >> i talked about it on radio last week. pretty much every question was, do you think this is a true reaction? do you think this, the response was manufactured by the agent? >> no question. i'll take it a step further. specifically i talked to a former nfl player. pretty prominent player who played for a significant nfl team. he said he would not have a problem playing with an openly gay player. which is politically correct to say. he said if the guy could play. so then i said, do you think your teammates would have felt the same way? sort of paused and kind of said, that's a good question. and i said, give me a percentage. he said maybe 30% to 35% of his former teammates would not h

writes andy heinz of his crime, how could enlightened feminist guys put up with this fantasies that violateion to gender equity and basic human decent see. >> i hate you. >> and enable brown nosing ways to his problem? instead of undressing them with my eyes i am cloaking them in imagine make burkas. why can't all men be as respectful and sensitive to you. let's go to the graphic while i pass out in my barf bucket. >> lightning roooouuunnnd. lightning round. >> here is the thing, tom i always find it refreshing and awesome when everybody has known , as biology, for millions of years and suddenly gets the okay from a feminist who finally discover itself and deems it okay. it is like if a truck driver says all i do is check out chicks while driving he thought oh that is disgusting. if he writes a 4,000-worden slate about it it is okay. >> the amazing thing about this is it is the narcissism of it. he sites this routine and says finally another person who thinks like me like all men are like that. he said i am so enlightened, but i wish i didn't have these thoughts. everybody has these thought

his name is josh heinz. and he has always lived here in moore. he says he's not leaving.rebuild. here's his story. >> you can see right there where the wallpaper is, there is a closet right there. >> the wallpaper right here? >> yeah. >> right here on this sheetrock, right up there in the corner is the closet. i was at the bottom of the closet when it ripped through. >> how were you? >> i saw -- watched the news and saw this coming. i put on steel toed boots. filled up my green bag with some clothes. hopped in the bottom of the closet. that's my front porch. my truck was in the garage. but i was on the front porch looking west, and, you know, it was probably 30 feet in the sky, in my point of view. i went inside, locked the door, hopped in the bottom of the closet, pressed my feet against the wall and my shoulders at the bottom of it, had that bag in my lap. >> what did it sound like? >> just a freight train, like you say. but it wasn't as loud as you would think. and then it was pitch black in the closet. i started seeing daylight. and sheetrock being pulled off the side

founder roger heinz says solar panel on the deck can power expanding array of scientific instrument andthe water license made it unsinkable in a 9,000 mile test voyage to australia. >> at one point it ran into the largest storm that wave glider has been in, we think. this is cat 4 tropical cyclone so 10 meter significant wave height and just astronomical win. >> researchers now believe advance monitoring equipment will allow the wave glider to explore the ocean in ways never before possible from tracking hurricane and wave top level to unlocking the secret world of ocean going creature like great white. >> what is the water temperature? what is the p h? we might we have talked about putting dna sample on there so we are really trying to use this as a way to better understand not only the big predator detect thing but also the virment that surrounds them. >> carolyn johnson reporting really something. >> quick update on the pacific voyage to industrial. company now about to be awared guinness world record for the longest urine of -- journey unman vehicle. pretty impressive. >> coming up

. >>> foster heinz unveiling a new cheaper phone today, a blackberry live. it's called the q5.nyway, separately, nokia shares are taking a beating as well, down more than 5%. so a lot to taupe about there. first of all, why don't i ask you about blackberry and this new cheaper phone. >> you know, candidly i don't think so. i think it will help in developing markets. developing markets generally, whether venza or indonesia is primarily the growth engine, but the question is, can you make money? i'm not convinced they can. the other question with the q5 is to what degree it can. their higher profit margin, and i guess that remains to be seen. >> do you think there's any confusion over the audi? q10, this is the one with the keyboards. e-10 is the touch screen. the z-10 and q-10, any take which one will be more successful? can together they regain some mark share? >> first on the z10, our check suggests that demand mash somewhat lackluster. and so my sense is that's been only somewhat disappointing. i do think the q10 has real opportunity. we think that blackberry has close to --

they like the heinz. it was a mess. >> them's are fighting words!omorrow. much more "fast" straight ahead. before global opportunities were part of their investment strategy... before they funded scholarships to the schools that gave them scholarships... before they planned for their parents' future needs and their son's future... they chose a partner to help manage their wealth -- one whose insights, solutions, and approach have been relied on for over 200 years. that's the value of trusted connections. that's u.s. trust. much more "fast" straight ahead. [ male announcer ] when gloria and her financial advisor made a retirement plan, they considered all her assets, even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. >>> it's time now for the final trade for this thursday. around the horn. mike? >> i'm looking at 3m here trading at 52-week high, 16 and a half times earning, a turn and a half higher than average. i look there and

you have to go to the shipyards, see what the changes are, something like, heinz and engles, what you're that is not captured in the financial results. because ships take years to build. so once you can identify the changes that have been made there and you can see the cash flow coming which will be huge next year, that's way ahead of when you actually see the movement in -pthe stock. david: this is the sweet spot a lot of defense stocks have been in. there is a lot of talk about the military sequester that the publica lot worse than the individual stocks, is that right? >> that's true. depends where you play. one of the things we've been able to show that overtime it is not just about the budget. you see periods like the 1990s when the budget just collapsed. stocks outperformed. the reason they outperformed was very strong free cash flow. well above what the s&p was doing at the time. that is exactly what you see today. some of these, if you pick the ones with the right area of budget exposure, are delivering a lot of cash, you can make money on these. liz: so huntington engles continue

big deals this year, no doubt about it, 3g capital teaming up with warren buffett on the takeover of heinz. a handful of big deals. but for the most part, is this the kind of activity you would expect given the level of rates or a lot more? >> well, in order to have activity, what you need are not buyers, you need sellers. supply is what makes the market. the smart sellers know exactly what we've been talking about. they've lived through this very difficult period. their business is probably doing better. their management is probably more optimistic. so if they're going to sell, they're going to sell for a very good price. and the one thing about private equity, if you want to get a good return for your mainly pension fund investors, you've got to be very careful how much you spend at this stage of the game. and also, you don't want to pay more just because you can borrow more. that's what happened the last time around. people said, oh, instead of paying ten times, we'll pay 12, so we can borrow more. people aren't doing this now. so things are coming, opportunities are there. we're seeing

thornsten heinz has been there for one year. i think we've seen the stock go from 650 to 15. 30 from here. technically, we can see that happening. >> a little technical analysis there. >> may 14th, $30. adam, we'll hold you to that. >> 11.50, we're out. >> he's got a sell stop in there. >>> don't leave yourself with fewer options. when we come back, bob pisani tells us how to maximize funds for your golden years. you cannot afford to miss this. >> and also coming up, raising $80,000 for new york city, robin hood style. we'll talk about last night's star-studded gala. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedica

. >> it did benefit from the multiple increase that we saw across the board as a result of the heinzout those stocks moved so far beyond that that it made the heinz deal look cheap in retrospect. >> tesla is running out of gas. like i said, he's probably a great guy, but what i'm saying is the skepticism, it's emblematic of the skepticism. >> maybe it goes away and we're posing the ideas that -- maybe professor siegel's right. maybe you keep running and you look at these charts and almost everything is moving up and you just said it. don't you sometimes have to step back and say maybe we're ready for a pause? >> i went to the great larry tisch, and he said what stocks are you buying? stocks that are at 180. that was completely facetious. he said it was the best advice he's ever gotten during that year. look at 3m. 3m was the worst quarter of this period. 3m is up four bucks when it reported. why? why? why is it up? rather than the stocks that go from 100 to 120. i search for answers and search for meaning. it's an existential crisis that i have. we continue to have the fed-tapering d

. >> we got to speaking of consumer electronics and torsten heinz, q-10 hitting u.s. call the q-5 and this is the mid-tier device and people are looking at a lower-priced option and this is a physical keyboard that launched this summer and emerging markets available in a range of colors. that sounds vaguely familiar. he's delivering on some expectations out of this conference. >> this is sounding like torston, he needs conspicuous consumption to get this going. this is what apple and steve jobs -- i remember when my daughter came to me and she had a blue ipod and she wanted another ipod. he wants this to be a fashion statement. i don't know if blackberry can leap to the michael kors level, i don't think it will happen, but this stock has got so many people wanting it to go higher in this tape. >> wow! i don't know. >> it does raise the point, jc penney, tesla, first solar, the classic short positions. >> best buy. >> how many are left? >> look, if you're a hedge fund manager you always have to have shorts in the book and people look at what's overvalued and they say i

berkshire bought heinz for $23 million. just this week they bought iscar. just joined the digital area, signing up for twitter on thursday. @warrenbu @warrenbuffett. his first official tweet, he wrote, warren is in the house. and by mid day yesterday, kelly, he had more than 119,000 followers. they retweeted that first message more than 20,000 times. becky quick is in omaha for the meeting and she'll have live coverage today on "squawk box." warren buffett will be on squawk for all three hours on monday. must-see tv. >> and you can't miss those twitter gems, as well, like warren is in the house. it looks as though he's at the about 3,5,000 followers in the last hour or so. >> we actually asked twitter yesterday if this is the fastest twitter takeup that they had seen. they said no, charlie sheen during his downward spiral a couple years ago was the single fastest twitter follower. >> that's when charlie sheen launched, right? okay. kayla, thanks for that. >> thanks, kayla. if you're just joining us on the program, these are your headlines. investors countin

to talk about with him including stocks, records, runs, the fed, bonds, the dollar and his deal for heinzrew have a wrap-up of the morning's top headlines and, guys, i'll send it over to you. >> okay. good morning. hi. >> hello, good morning. >> hi, warren. >> hi. >> i keep hearing you talk about me, warren. no one knows what the heck you said. so i don't know, it's like -- it's like one of the answers you give to a lot of questions. >> no. i was sitting right next to him and i heard him mention your name, too, and i'm not entirely sure -- >> nobody knows. >> he said what did he is and i said, i'm not sure and i actually said to becky, what did he say? >>sa

. >> this huge debate of heinz and blackberry. >> how about charlie jurgen throwing mud. when you look at what my kids and i was talking to john earlier, the ceo. >> he'll be joining us from t-mobile. >> all people are thinking is, okay, that 21-year-old is just a data hog, but where? are they data hog on the verizon fios? >> they're using the wi-fi on their home on a tablet or mobile device, right? >> when you want to watch a movie you're still going to do it if you can on your tv. it doesn't mean that you're necessarily going to use the cable or the broadband to do that. >> how can there be room for everybody? how can we have room for telephone and how can there be room for via com and room for netflix. reed haste suggests basically saying it's one world, partner. it's netflix. >> all of that disruption you're mentioning we were going to do apple briefly. the 30-year part of their bond offering as we mentioned yesterday raises the question with all these changes and even with all that cash. do we know that they'll be around in 30 years? you don't know. you do what charl

named rudolph heinz, which he conducted throughout his presidency. didn't get a lot of attention. had dinner with this young after risk an american family and had them to the white house. the media didn't basically understand what he was doing here to try to keep in touch. but presidents are often desperate to do this. it's very difficult to do. >> very difficult. >> prisoners of the white house. ken walsh, thanks. an absolutely fascinating read. we really appreciate you being here. >> thanks for having me. >>> business headlines with cnbc's brian shactman, straight ahead. mine was earned in djibouti, africa. 2004. vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection and because usaa's commitment to serve military members, veterans, and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. the blissful pause. just before that rich sweetness touches your lips. the delightful di

the reason we're successful with very large companies like heinz and craft and companies like that, wetual funds who are frustrated, but they can't be active. but it has to do with the argument. >> he has a statement -- >> yeah, never mind. there i go again. >> they're playing the music. >> up next -- >> my pleasure. >> say hi to nelson. >> i sure will. >> our trading block this morning, focusing on the rally in equities and the economic recovery. then at 8:00 a.m., senator rob portman from the great state of ohio, the great city of cincinnati. the home of the irs. bny mellon combines investment management & investment servicing, giving us unique insights which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the world. bny mellon. just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it e