jack hough is with us and the official of ceo of dinah link communications.arry, does that valuation seem fair to you, 850 million? what do you think? who knows. >> who knows because it's a private company. we don't know exactly what the numbers are but content is king. we're seeing the truth this year with content distribution, everything going to all the devices. the question is i see they're looking to make their own content which will be very interesting. this looks like it could be part of a bubble we're heading into content. this is right content but this could be bubble stuff. melissa: interesting, because buzzfeed is very catchy. it is catchy. it is a stand-up. they say their technology is technology, what they better understand than anybody else is how to deliver and that is -- do you believe that? >> very rapid. it is very interactive. they do it better in terms of vision all standpoint than other sites but going back to original content, they do original reporting in retail sectors and bunch of other places. we can see pretty decent offerings. >> i

jo ling: here to discuss, james frischling, "barron's" senior jack hough and very own fox business's tracy byrnes. jack, i will start with you on this. what is your take coming out of this? do you think prime minister cameron's reaction will perhaps influence the white house? >> i would hope so. he seems to be a little more vociferious right now than our president. the u.k. will have to put stronger rules on the books to revoke passports. there was wake-up call with the murderer he on the beheading video with london absent. maybe this keep calm, carry on attitude with these radical preachers talking about spreading sharia law in u.k. and ales where. maybe that is not the right approach. maybe we need something stronger. jo ling: james, how specific should it be? >> i recognize it is a pr blunder by the white house and president, i think he said the truth. we don't have a strategy. now they're backtrack. cameron didn't say anything. he used a lost verbiage. there is no concrete actions. there will be consequences to our actions and consequences to our inactions. a lot what is going on

"barron's" editor jack hough. the dow is down 155. this is the session low. look what is hit the hardest, energy stocks and exxon dragging down the dow. chevron as well. some technology, intel. look at that drop-off. what do you think, charlie? >> well i wrote a column earlier in the week in the "new york post" i said this will be the new norm for the markets. listen, here's the problem that janet yellen. melissa: you mean volatility. >> volatility and steep drops. here is the problem janet yellen has. there are pockets of inflation out there. we've been keeping interest rates at near zero for what, five years now? we are tapering, but that is not, we're still printing a lot of money. it really hasn't helped the economy. at some point you have to rely on the underlying economy for the markets to keep going up. when traders look at underlying economy, it is not that great. melissa: yeah. >> i don't know if it is merits 17,000 on the dow. melissa: jack what do you think? look at that drop-off. we saw a spike in the vix. >> investors will drive themselves crazy

jack hough, baron's senior editor, charlie gasparino and the new economic thinking director. charlie, a lot of story has been about mr. buffett. the truth is we have very high tax rate in this country. >> this should be about mr. buffett too. he is providing $3 billion financing for this. preferred deal. not a lot of money for him. that is a drop in the bucket for berkshire hathaway. under normal circumstances that would be not much of a story. that would be a paragraph in the thing. there is one story, that point man, one limousine liberal point man for president obama. that pound, that pound the table for higher taxes own the rich and even people that aren't so rich and that is warren buffett. for him to do this is so hypocritical. for him to do, and not explain why he is doing this. i mean, we hear, listen, warren buffett is great investor. i know people know him say he is nice guy. this is pure liberal hypocrisy. why is it okay for him to escape and rest of us get screwed with higher taxes? dierdre: he is more famous than he is. >> has money and job to put it to work and

we have james frischling and "barron's" senior editor jack hough. how do you explain the market reaction to all this? >> if the markets were tanking we would blame it on the bombing. melissa: absolutely. >> i don't think there is any connection. what peel look at with stocks. there is possibility of fed unwinding stimulus on the market. that could hurt. you think about why the fed is doing that. because the economic news is pretty good. i think in the long run this pause in stock returns is good news for stock investors. i think there are some buying opportunities. melissa: james, the world is falling apart though the why doesn't the market seem worried about it? >> i think we're becoming somewhat numb geopolitical risk, russia, ukraine, middle east and going back to iraq. i agree with jack's point. people are looking to the fed. there has been good data. the chinese trade data blue away expectations. they're shunning geopolitical risk and embracing good things in the markets. >> i don't think the markets cared about iraq since 2001 and 2003. we had