liz claman.ant to talk about a market mover, the one man you need to listen, to have you his ear, he has yours. warren buffett. >> he flew into town on the net jet and did so to have a charity luncheon. have lunch with warren buffett, guess how much it went for? 2.3 million dollars. a newly minted chinese millionaire bought it. the chinese have caused major gyrations in the markets. warren buffett has a stock portfolio of 107 billion dollars. everything from american express to deveeta health care to coca-cola. everybody has been so concerned about their portfolio, was he about his when all of the gyrations in the past month were going? i began by asking him in our one-on-one interview, what has his life been like since all of this volatility? listen. >> when on august 24th, the dow fell 1089 points as it opened, were you buying? >> yep. >> a lot? >> not a whole lot. you can only buy a certain percentage of what trades. we were buying and happier buying when they were down than when they were up

liz claman, what are you hearing?we have traders saying suddenly it was an abnormal move, trish, that's the word they used, abnormal. i want to say 20 minutes ago and we have been up more than 264 points for the dow industrial dow jones industrials. now just up 84. some of that may be sinking in we could have another potential government shutdown on our hands. >> but you know -- trish: earlier however, liz, in the session if people thought, that steve, over to you? >> i've lived through a lot of these. i've lived through government shutdowns going back to the 1980s when ronald reagan was president, and you know everybody is pulling their hair out of their heads and my god it's a catastrophe. i think wall street way overreacts to this. if we don't have a budget in place, it's 80% of government still function. it might be a week where they can't get resolution. but if this is over a major principle, what are the budget caps going to be on? it may be worth bringing the spending down. trish: a little pent-up demand and ma

liz claman on floor of new york stock exchange. much of the attention was on the global economy and what happened here, just to bring people up to speed, federal reserve had opportunity to raise rates today but for those of you who are indebted, you're getting used to very low interest rates to borrow. that party will continue. for those of you who have been hoping to find a way maybe to get a little bit more for your cd, a little bit more for your money market savings, those rates stay obscenely low. you will not be rewarded for being the prudent fiscal people you are. >> so for borrowers, rejoice. for those who do all the right things and save your money, curse the day. liz claman, on floor of new york stock exchange. let's -- all over the map. what are to make of this. >> wow. the markets got very quiet on floor of new york stock exchange. in fact one minute before when you were talking they were all saying to everybody on the floor, they wanted to hear exactly what happened. the minute it went up, there was a cry, can't say a c

liz claman will be speaking with mr. buffett very shortly, she's going to be handicapping all of that later on in this broadcast. >>> we're also getting word out of the likes of leon who says the bull market is not over. so all the commentary to the contrary is just wrong. anyway, those are two big heavyweights saying now is the time to buy. you add in deals in the energy sector, in the pharmaceutical arena, in the retail arena, adding up to 15 billion dollars just today, and another 15 billion dollars in stock buybacks. we'll get to the details of all of the above when we've got buying that is eclipsing selling for now in the middle of the trading day, and we have four hours to go. jonas max ferris and scott with me, are you a believer on this? >> today i am, tomorrow could be a different story. heavy on the antidepressants i think, one day things are great, the next day they are terrible. reminds me of my ex-relationships. i will protect the guilty. this is an environment that appears to be risk averse. feels like an e

lou dobbs, liz macdonald, charlie gasparino, liz claman and jeff flock in the pits at the che, and we kick it off at the heart of the financial center, liz claman at the center of the football world on the floor of the new york stock exchange -- of the financial world. give us a reaction. >> the reaction initially was a big yell and then people started to trade. we saw a spike around 2:48 p.m. eastern time. that coincided, as our bruce becker in d.c. actually pointed out, the minute she ended her prepared statement. perhaps that it was that relief rally. we have the dow jones industrials up 198 points, but now you see that we have lost all of that. we've gone lower and then slightly climbing up. these are all these intraday pictures looking like a little bit of mount everest, at the top a little hillary step which is the highest point of everest and then the fall. let me show you exactly what was happening on the floor as traders first turned silent just before 2 p.m. eastern, we had our cameras rolling. here it goes, watch. [inaudible conversations] liz: and then you had people runni

we'll put your picks up on facebook.com/liz claman. and they are two new picks. david asman and closing bell. [closing bell ringing] david: green all over the screen. major rally underway as markets get back to work. you heard news from the world bank, asking the fed to delay a rate hike and hold on to your hats, everybody. top strategists think stocks could climb another 10%. that would bring it melissa francis, back to where it was at the top. we may retrace the losses of august. >> here we go. here are closing numbers on wall street. you can see the dow trading up almost 400 points. david: well over 2%. 3% in some cases. you're make an money on first back from vacation. let's head to the floor with lori rothman. what is behind this rally. >> hi, there, david and melissa. stocks shot out of the great, with great -- i won't say great but positive out of europe. china may intervene in its markets. troubles sparked volatility of late. very low volume. looks like we'll do 783 million shares. trading hands well below a billion shares, well below the daily average. t

here to weigh in, art, gerri willis and liz claman. gerri, i will start with you.en the mail and you see your quarterly statement on 401(k), it will not be pretty. >> it will not be pretty. i suggest that you get a shot of jack daniels. a lot of people, of course, are looking at it online. the good news here is that back in 2011, when we had a very similar third quarter decline, the fourth-quarter popped right back up. things could turn around. >> my theory is that the fed will stay there. they will continue to be accommodated. certainly through the end of the year. at some point, the markets will be like, okay, this is probably good. the sugar high will continue. in the here and now, shunted investors feel positive that the fed will continue backing this, with what something is an asset of all. >> we have had a window for a year. >> let's face it, for a couple years now. i think the broader market was set up for that. twenty-five business point raise. right now, i think that uncertainty getting behind us would be more beneficial than necessarily having -- >> then

but sure can sell books and video down loads, but we're an hour away from the closing bell, and liz claman will have her interview with warren buffett right now. hey, liz. liz: listen, dagen, wall street off to a roaring start following the labor day weekend. the dow jones industrial average the big board shows on fire up 361 points right now. very close to session highs. today's rally comes off, as you know, an extraordinarily volatile couple of weeks. last week alone, u.s. equity markets lost 775 billion dollars in value. chopped off. and look, nobody expects september to be smooth sailing, traditionally the worst performing month of the year and with the federal reserve set to make a major decision on raising rates for the first time in nine years, will they? look, even the most savvy investors have a lot to lose or gain. today warren buffett airdropping into midtown man for a one-on-one chat with us. chairman and ceo of berkshire hathaway, the third richest person in the world is watching the fed along with the rest of us. >> if you were running the fed, would you tighten rates at this

liz claman, over to you. liz: i'll take it, trish. frightful friday for the bulls live from the floor of the new york stock exchange just one day after the federal reserve decided to leave rates unchanged. that was the big non-news news, but today the big news is that when traders on the floor yesterday got very excited, what did they see? is they saw this big swing of about 200 points to the upside after the initial announcement. but as the news conference went on and on, the gains slowly disappeared, and now those gains are nowhere to be found today. gone as you see right now we've got the dow down 230 points,

>>> and with nike hitting an all-time high today, i tweeted out a picture at liz claman of my very first pair of nikes. we go back to the 1970s for those. follow me on twitter at liz claim arngs can you see the picture. visit our website lizclaman.com. "countdown" coming right back. live from the floor of the new york stock exchange where we are witnessing a loss of major steam for this rally. don't go away. when a moment spontaneously turns romantic, why pause to take a pill? and why stop what you're doing to find a bathroom? cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle a

liz claman, over to you. >> yes, it is 3:00 straight up. live from the floor of the new york stock exchange. the bulls are definitely riled up. look at these numbers as you see, we have a triple-digit rally on the dow jones industrial average, but pretty much all of the major indices are up more than a percent today as investors say let's pile into stocks in advance of the mega meeting trish was talking about. less than 48 hours away, we will see if the fed finally pulls the trigger and decides to raise interest rates. but investors, corporate leaders and national defense officials really have something that is way more sinister for you to worry about. more than the fed. way more than anything in stocks. we have two new reports suggesting that america's national security is at major risk of the facebook for spies. cybersecurity firm saying china cyberwarriors have compiled a massive database with stolen information from government and corporate sources. they're going to use it to blackmail people here in america. the facebook for spies, peo

liz claman is up next taking you into the close. marching back to the highs of the session following friday's ugly selloff. the dow jones industrial average jumping 141 points, up nearly -- over half a percent as the street looks to recover from last week's losses in the wake of the federal reserve's refusal to boost interest rates for now. as the markets rally, pope francis is minutes away from a blessing at cuba's holiest site as he works to rally the faithful toward his brand of catholic economics which he's about to bring to the united states. the pope wraps up his cuba visit today after meeting with the castro brothers over the weekend. praising the thawing of u.s. and cuban relations, but also poki

liz claman, what are folks telling you whether or not we're going to get a hike?the moment by moment question here, trish. i say on the floor it's about 50-50, as we take informal polls every time we come down here. they're not sure, that's because the fed has telegraphed it is not sure, it is not ready to announce that anything is going to happen. we have about six days, right? watching a market that is very sensitive and not moving on emotion, only on technicals. that's all they have to go on. trish: ashley, it puts investors to a certain extent in a bad spot. >> it does. trish: we're clinging on every single word out of fed. >> ridiculous. the most talked about, anticipated quarter percent rate hike in the history of financial markets anywhere in the world. it's gotten to the ludicrous point. trish: they don't want volatility, they may be the ones creating it. >> the uncertainty, i've seen a lot of money come out of the markets and sit there in cash, and you know you mentioned brazil. emerging market story one we haven't talked about much, getting absolutely ki

liz claman is up next taking you into the close. liz: wall street bouncing right now, marching back to the highs of the session following friday's ugly selloff. the dow jones industrial average jumping 141 points, up nearly -- over half a percent as the street looks to recover from last week's losses in the wake of the federal reserve's refusal to boost interest rates for now. as the markets rally, pope francis is minutes away from a blessing at cuba's holiest site as he works to rally the faithful toward his brand of catholic economics which he's about to bring to the united states. the pope wraps up his cuba visit today after meeting with the castro brothers over the weekend. praising the thawing of u.s. and cuban relations, but also poking at the oppressive castro regime. the pope has also been critical of so-called unfettered capitalism. he has attacked greece, corporations and the thirst for power and possessions. pretty much based on his belief that economic and social activity must be based on the virtues of compassion and gen

these guys aren't experts but liz claman knows them well.ck exchange, also with me stuart varney, lou dobbs and maria bartiromo. they tell me volume is much, much lighter than normal. obviously waiting on the fed. what are they telling you now? >> neil, i never had so many traders want to offer me food and have a chat what the fed is going to do. they've got pickles, french fries, all sense of what is going to happen. there's a lot of high-stakes betting going on. this isn't exactly the microcosm of reflection of the retail investor watching right now. but they believe what wayne angell just articulated to you neil, that is there may be a very small interest rate tightening today and then another one in october. highly unlikely. i know that. i've been following jon hilsenrath since i was in utero, clearly everyone sighing that side it won't happen. right here they're waiting to see if she pulls the trigger or holds her fire. they agree that the picture has become a little blurred and more complicated due to the events overseas, in china wher

liz claman will sit down with the chairman and ceo. miss back to talk about the business, our economy at a good glimpse into that. cheryl: before you head out the door, a look here to stay for look here tuesday forecast with fox meteorologist maria molina. tough to break up an incredible weekend for the northeast in particular. reporter: we have been enjoying warm temperatures in the northeast. a lot of sunshine. a little bit higher. we will start to see changes later on this week and it's all associated with the front that today could bring a risk for severe storms into the midwest. large hail and flash flooding will be primary concerns. this includes places like wichita and kansas city and high temperatures out there ahead of the system warming to the 90s. behind that much cooler only in the 70s across parts of the northern plains and northern rockies. >> if it's so hot outside, some are not over. enjoy it. coming up, scientists discover a much bigger brother for stonehenge. we will tell you about super henge. these photos of a wildf

nicole: liz claman sitting down with warren buffett on countdown to the closing bell yesterday in theaha agreed the worldview of a possible fed rate hike. >> they've done an extremely good job to this point. it's sort of announce at some point you can't keep saying that. the credibility may have to raise them a bit. that may be one of the reasons we are seeing the rally. the richest man weighing in on the presidential race in anticipating the release of the tax land saying it would not be said prize quite a bit. cheryl: and sports everybody. >> she had an unbelievable match point. it was just not easy. cheryl: serena williams eliminates sister venus in comes one of closer to making history. novak djokovic also advancing. details coming up. a wild day of trading in japan was stuck in japan with stock soaring over 7%. we will have an update for you. a great check on your stock index futures. dow, nasdaq, s&p all looking for a strong up anonymous when they. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ >> i've got to remember to tivo this further late

liz claman, over to you. liz: trish, we are looking at a market just unbelievable. at least when you take into consideration that today is supposed to be the very worst day of the entire year, but unless we quintuple this rally in the next, i guess you could say in the next 59 minutes, that good news won't be enough as we close out a terrible third quarter. the dow, the nasdaq and the s&p all down about 7% over the last three months. global equities can run, but they cannot hide. a paper loss of nearly $11 trillion over the period which saw the dow's largest-point decline for a quarter in four years. and u.s. markets planted a flag in territory we don't want to see. that's correction territory, and they remain there right now. so the dow down for three straight quarters. losing overall more than 1700 points for the quarter, nearly 10% in value. the market's not the only falling star. hillary clinton's poll numbers are falling leaving an open door for underdog to capture the nation's attention and we've got one here. live and exclusive, a real underdog, former rhode

liz claman, heading down to you. liz: trish, we've got breaking news here. can the rally hold, and it's a fair question. because we lost about 55 points in the blink of an eye. why? the dow jones industrials, you can see it, it is up about 91 points. it looked like a clear cut rebound just 24 hours after yesterday's steep sell-off that unfolded during this very hour. take a look at wednesday's trading action. the dow was up as high as 172 earlier in the day and dropped like a rock, closing down 239 points. that's a swing of 411 points. today, yes, i would say about 11 minutes ago, the bulls look like they were in full control. it is yet another volatile day for the markets. the dow was caught in a bearish triangle, a bearish triangle, simply cannot break out of the triple digit swings and jumps out of the 13 out of 15 sessions. the last 13 out of 15 sessions. we've had the pit in our stomach watching what will happen? today volatility and uncertainty are driving the markets as investors watch data and next week's federal reserve decision whether to finally h

analysis, janet adkins news conference. 30 minutes later maria bartiromo, neil cavuto, liz claman.ing it is buying cablevision for $7.7 billion excluding the shares jumped on board that a deal is close at hand. the combination would create the fourth-largest operator in the u.s. cablevision serves 3 million customers throughout the new york area. nicole: the texas rangers beat the astros. we will have all the details on that. we say in s&p down about almost six handles. 41 for the dow futures. you are watching "fbn:am," your first look at morning markets and breaking news i have is this one's day. we're beta testing the new wearable interface... ♪ xerox believes finding the right solution shouldn't be so much work. by engineering a better way for people, process and technology to work together. work can work better. with xerox. lauren: and sports, the rangers made it three in a row and the astros will go for the sweep tonight. texas had five homers. prince fielder drove five runs. 14 victory win gave the rangers a game and a half to lead. the two homers put in that 21 for the seaso

liz claman will be speaking with mr.e's going to be handicapping all of that later on in this broadcast. >>> we're also getting word out of the likes of leon who says the bull market is not over. so all the commentary to the contrary is ju

former reagan campaign director ed rollins telling our own liz claman, wisconsin governor scott walker will drop out just moments in before the news broke. jo ling kent in for deirdre bolton today. scott walker will suspend his campaign effort today, effectively ending a once promising, much louted gop presidential bid that just owecollapsed over this summer. with me democratic strategist jessica ehrlich. crystal wright and hadley heath manning from the conservative group, the independent women's forum. i will start with you first. what did you guys think? what did you expect out of this? >> you know, this is a real shame because governor walker has been a great leader for the state of wisconsin but this is crowded field. he hasn't really had a chance to stand out in both major debates. he hasn't really made a name for himself. jo ling: jessica, this doesn't completely come at surprise he was polling down at zero percent. what do you think will happen to $20 million in super-pac money socked away for his campaign? >> it will be very interesting. it certainly will give him a little toeh

i want to go to my friend liz claman at new york stock exchange. z: i'm here at fox business, guess what? we have an early market rally, turning to dust this afternoon, and nearly 300-point swing as wall street is near market lows on a major news day. the markets cannot defend those early gains. the iran nuclear deal at the top of the agenda. republican presidential contender donald trump and senator ted cruz headlining a rally at the west lawn of the capitol protesting, vehemently protesting the president's deal that has enough democratic support in the senate to side line any no vote. >>> hillary clinton earlier in the day outlining her plan for

we're heading over to liz claman for the final hour of trading. 60 minutes to go. liz: i know, trish. set the atomic clock, of course for the final hour of trade. also less than 24 hours before the federal reserve announces whether it will pull the trigger. whether it will tighten rates within what we haven't seen for 9+ years. the markets are moving higher and the dow jones industrials from the floor of the new york stock exchange up 115 points. but before fed chief janet yellen takes center stage, donald trump and the rest of the 2016 republican candidates for president take part in the second televised debate of the campaign season. trump still maintaining front-runner stat us in national polls with dr. ben carson, the only other candidate landing double digits. now political pundits say tonight's debate could be a make-or-break moment for the likes of jeb bush, scott walker, you could argue that marco rubio is in the hot sea. it's an important night, massive because campain financing could dry up if the names do not turn in sparkling performances. very dramatic.

liz claman is on the floor of the nicely. >> reporter: david is rightly remembering the experience he talked about on the last hour. you and i were laughing, it is nice to at least see some laughter to show how resilient the traders on the stock exchange. >> absolutely. except for the energy sector, up 102. we are within 200 points of the all-time highs, which is kind of amazing when you think of the volatility in pain. >> reporter: that is significant. when you stretch it out and show perspective, within 200 points of all time highs is something. the fed holds the keys next week, that door of real bull run. >> we danced around greece for five years. they are no longer a factor. >> but even the greek bonds are doing terrific. the fed will always be a factor. just get it over with. raise the dumb rates and let's get going and get this behind us because it is going to happen sooner or later. this back-and-forth is really kind of silly, and the market at this.is priced at an and would like to see this behind us, and then we will just move forward. in the conversation will immediately fli

first, let's go to liz claman standing by at new york stock exchange. liz, you have been there all day long. what was the initial reaction like from traders? >> let me say when i first got on the floor around 11:00 a.m., they immediately were grabbing me. here is what i think. here is what i think. then i would run around to get sort of informal poll what traders thought they believed that we would see an underquarter point tightening. they felt that is what the markets were expecting. but in the end that is not what we got. zero move on those rates. immediately the markets started gyrating. in fact at one point the dow was up 194 points. but you see where we ended. we ended down 65 points. that was pretty significant swing. traders here were disappointed in a way because they feel it is much harder without the volatility. talk to any big money center bank. jpmorgan's, they like big money moves. they can make money off it. the average investor pushed into riskier opportunities looking for better yield, it does lead to a question, are we inflating some ty

. >> i'm liz claman live from the floor of the new york stock exchange.he bulls are on the run and you can give credit to janet yellen and maybe some nike sales to boot. and yellen saying, yes, we're on track for a rate hike this year. so, what do we have? we have the dow jones industrials up 224 points. most of the major indices moving higher right now. why nike and the high top reference? nike the best dow performer, the best of 2015 is hitting an all-time high as it jumps better than after the bell yesterday. great sales in of all places china. blackberry is a problem, walking back about 5% today as its numbers disappointed yesterday. we will have so much more at the top of every hourment stay tuned, i'm liz claman live from the floor of the nike. [ male announcer ] some come here to build something smarter. ♪ some come here to build something stronger. others come to build something faster... something safer... something greener. something the whole world can share. people come to boeing to do many different things. but it's always about the very thin

we're heading over to liz claman for the final hour of trading. 60 minutes to go. trish. set the atomic clock, of course for the final hour of trade. also less than 24 hours before the federal reserve announces whether it will pull the trigger. whether it will tighten rates within what we haven't seen for 9+ years. the markets are moving higher and the dow jones industrials from the floor of the new york stock exchange up 115 points. but before fed chief janet yellen takes center stage, donald trump and the rest of the 2016 republican candidates for president take part in the second televised debate of the campaign season. trump still maintaining front-runner stat us in national polls with dr. ben

the pictures of your favorite fox business stars, stuart varney, neil cavuto, maria bartiroma, liz clamanfollows on instagram.com/foxbusiness. let's go to politics right now. joe biden getting a boost, the latest survey from bloomberg politics revealed a quarter of democratic meeting voters say vice president joe biden is now their top choice for president. the question remains will he run? a former aide to senator chuck schumer and democratic strategist with exclusively and republican strategist, fox news contributor and founder and ceo of the consulting firm political strategies, you are good friends. all right, you two, i will start with you, joe biden is gaining on the polls but can he announced in time? there are deadlines for him to announce he is going to run. can he do it? >> i don't think he will find the infrastructure in the democratic party to be an effective candidate. joe biden unlike bernie sanders and others if he gets in and is a real pro, he wants to win the election, doesn't want to run to make a statement, he is an establishment candidate like hillary clinton. if you r

liz claman, over to you. >> yes, it is 3:00 straight up.from the floor of the new york stock exchange. the bulls are definitely riled up. look at these numbers as you see, we have a triple-digit rally on the dow jones industrial average, but pretty much all of the major indices are up more than a percent today as investors say let's pile into stocks in advance of the mega meeting trish was talking about. less than 48 hours away, we will see if the fed finally pulls the trigger and decides to raise interest rates. but investors, corporate leaders and national defense ci

joining me chad morganlander and liz claman.has a lot of concerns about the fed and whether or not the fed has any bullets in its arsenal. i would argue no think point. just 20 minutes from now hillary clinton will talk what she wants to do regarding big pharma. chad, she wants to come out to basically set prices. this will have big effect on entire sector. biotech stocks getting slammed. nasdaq await the news here. what would be effect of overall for the industry if this would happen? >> health care, if we take a step back, is 16% of the u.s. economist. any talk of changing reimbursement or infrastructure would have dell tear russ effect on pharmaceuticals. trish: as well as the pipeline. >> as well as the pipeline. they're putting up tremendous amount of money in r&d to get the payoff down the road. that payoff is not virtually guaranteed. hence the risk coming back no in the market putting pressure on biotechs in general. trish: hillary clinton speaking in iowa. we'll watch for details and as well as biotech investors right n

democratic strategist liz claman hadron as well. fred, people tune into the television.hey see the free-fall. they see the headlines in the papers and start getting more and more worried if they're not worried about the economic situation we're in. what does that mean politically speaking? >> it should mean, not that it does mean, but should mean this is what the presidential candidates would start talking about more as they have in past elections. even this far ahead of the primaries. and yet, the republicans really have no one who is talking, who really has a big economic agenda that says, as ronald reagan did, i'm going to cut taxes, this will create an economic boom which it did. instead they're pretty tepid. and democrats just want to raise taxes and spend more. trish: you know, you do have donald trump out there who is promising his tax plan, liz. that is supposed to come out any day now. he is promises doing something to fix this. $2 trillion we have significant oversees. he is promising he will go after hedge funds which is something amazingly that hillary clinto

former reagan campaign director ed rollins telling our own liz claman, wisconsin governor scott walker moments in before the news broke. jo ling kent in for deirdre bolton today. scott walker will suspend his campaign effort today, effectively ending a once promising, much louted gop presidential bid that just owecollapsed over this summer.

liz claman, over to you. liz: i'll take it, trish. it is a frightful friday for the bulls live from the floor of the new york stock exchange just one day after the federal reserve decided to leave rates unchanged. that was the big non-news news, but today the big news is that when traders on the floor yesterday got very excited, what did they see? is they saw this big swing of about 200 points to the upside after the initial announcement. but as the news conference went on and on, the gains slowly disappeared, and now those gains are nowhere to be found today. gone as you see right now we've got the dow down 230 points, dropping more than 200 points at the opening bell. and you sew we have remained -- you see we have remained there. at one point we were down 301 points. the fed unintentionally, but nonetheless, creating real volatility and worry and anxiety here for the markets. so what happens next? are we in for an october surprise? that's the question. or are the traders left to wonder how do we make money in this market for the re

warren buffett spoke with liz claman today and you won't believe it but he said he's lost zero sleepf these market swings. >> there have been three times that i bought control much bercher, it has gone down 50%. and i never lost any sleep. any of those nights. and there will be sometime in the next 20 or 30 years that will go down 50% again. that's the nature of markets. they over shoot and, you know, that's part of the reason i'm rich is because they do that. . charles: all right. you heard it from his mouth. he gave you the clue. he gave you the secret. that was it right there. you don't need to buy a lot of books. you don't need to figure it out, he just gave it to you. however, there is some risk you guys talked about volatility. let's talk about volatility and risk to the downside. how investors ride it out, david, because it's one thing to say it from warren buffett's position and another after living through crashes in the last decade -- let's say dozen years. >> yeah. and another thing is the popular long turn horizon, warren buffett says i don't know the next ten days, but t

that's why we to to liz claman on the floor of the u.s. -- new york stocks exchange and teddy weisberg. >> doesn't mean there isn't smoke coming out of the chimney doesn't mean the fire is not burning. >> really? i'll remember that. >> talk about trading action, all people see, they see great numbers on bottom. volume was less than expected. maybe i'm thinking in part. because some volume going two days when people get clarity on fed and triple-witching on friday. >> i, no question the volume was light. i think we came in today, yesterday i spoke to some pretty smart people. they said the market is way oversold. they saw rally coming. they clearly were right. they think is a little more juice on the up side. a lot of people got bearish, myself included oversold. it could be technical. as we get into the fed meeting everything will flatten out. the fed, as previous guest said, they're between a rock and hard place. dammed in if he do, damned if they don't. if you're in hard place, best thing to do is do nothing. >> how will the market respond if the fed stands pat and doesn't tighten. >

peter barns, liz claman here with me, peter, inflation is the top for her, we've got no inflation, whatparticipate? >> i was listening to your panel earlier with john and other guest and i agree with them, i don't expect there to be much news out of this, not because of the topic but because of the logistics of this event, trish, there's no q and a after her speech, and as a result no one will get a chance to ask her the very question that you would like asked and so she will stick to the script and she will repeat basically what she said last week at her press conference. trish: you know, liz, i've been hearing this a lot, it seems we hear officials saying this before you and i were in this back in 1994 they didn't tell you a thing, you will you had to look at the markets where the fed was on interest rates now we've got press conference after press conference, members of the fmoc coming out and talking to us all the time, we're journalists, we love the information, i just question whether it's overly affecting the markets. >> well, listen, given a choice we want more transparency, we

liz claman will be down at the new york stock exchange.cial report continues 5:00 p.m. eastern. david and i will be out there. we'll be joined by charles payne. it will be fantastic! david: guess who is coming? remember him? ron paul. who knows the fed better than ron paul. you can disagree with the guy on a lot of things. he knows the fed inside and out. it is a huge day. could be huge for markets as well. please don't miss a moment of it. >> that does it for us. "risk & reward" starts right now. [screaming. [sirens] dierdre: these are images that most in the western world don't expect to see in europe. the migrant crisis is reaching fever pitch. hungarian police firing water cannons against refugees trying to cross the border. christian whiton former state department official. what does this signal as far as u.s. commitment to take in 10,000 migrants?

liz claman will be back with the third richest man in the world, warren buffett, and with china and the and more. tuesday right here on countdown to the closing bell. coming right back live from the floor of the new york stock twang so,as my personal financial psychic, i'm sure you know what this meeting is about. yes, a raise. i'm letting you go. i knew that. you see, this is my amerives mage.. lances.w that. no. portfolio. and if doesn't perform well for two consecutive gold. quarters. quarters...yup. then amerivest gives me back their advisory... stocks. fees. fees. fees for those quarters. yeah. so, i'm confident i'm in good hands. for all the confidence you need. td ameritrade. you got this. lori: all right. breaking news here. just about 20 minutes away from the closing biological this friday before the three day labor day weekend and the dow is only down 225 points. that makes up about a 1 1/2% decline. the broad markets are down 1.4%, 1923 is the price on the s&p 500. and the august report before the bell 8:30 eason satisfactory employment improved economy added jobs and upward

i'm connell mcshane in for liz claman live from the new york stock exchange. let's start the "countdown." all right, so far september swooned, you hear people talking about, that it's living up to its name. the dow, nasdaq, s&p all negative territory, down over 400 for the dow. all 10 s&p sectors down. lower 99% of the s&p 500. the broad index of stocks. the dow everything is down, everything in the red, all 30, ifu oo some people say back to school jitters, my kids go back this week. no. the vix, the volatility index spiked up over 11%. we're going to be watching a number of things. watch levels in the markets. correction territory all three of the major indexes. even if we move outside of equities and get into the equity market in detail throughout the hour, have you oil settling down $45.41. remember the last three sessions you had the three-day rally, and the biggest one in 25 years, and losing down today about 8%. gold is up, lori rothman was talking about, this investors speculating a rate hike in september unlikely, what will the fed do? how much does i

my buddy and colleague liz claman is reporting, one of the reasons the dow might be up to the degreet is, the federal reserve meeting is take place, a two-day powwow to decide the course of interest rates. there is a distinct possibility of a rate hike that is looking more and more likely, it might not be a quarter point, it might be less. that would not be unprecedented. it's happened very, very rarely but to set the tone and the ease it is breaking in, period. obviously liz will have a lot more from the floor of the new york stock exchange, but the growing expectation was for a rate hike. this go around. and many thought it would wait until december. tomorrow officially we will know when we officially cover it on the show. getting the best and brightest to weigh in, including liz. for the president, this market run-up has nothing to do with the fed and everything to do with him, he has taken objections to people questioning the recovery and strength by tweeting out all sorts of stuff and charts and everything else saying look at the difference now from when i came into office. busi

warren buffett weighing in on the rate increase with liz claman yesterday. >> i probably wouldn't.robably wouldn't, but they've done an extremely good job in getting us to this point. they sure did announce that they are going to almost raise them. at some point you can't keep saying it and not do it. i don't think there's any necessity of moving rates a lot. >> this comes with a mixed bag of economic data at the world bank did issue a warning for the feds say they don't want the interest rate raised in this country. i watched the interview with mr. buffett and he took the golly gee whiz, but he did say maybe now is not the right time. maybe it's time to chill out a little bit of wait till december. >> road and comes out and pushes back with christy and the guard at the imf also has been more named. be careful, don't raise rates than what the u.s. is sort of getting traction. what do you think? >> on wall street recalled that talking his oath. >> raising rates. that is a problem. let's just say it's not 2008 and at the end of the day if they did it in september the markets might ac

scott walker, big news former director, on the fox business network with liz claman on "countdown to bell". >> the governors, 31 governors, but getting killed, and governor perry going 14 years, governor walker's campaign in terrible shape. >> as early as tonight scott walker -- >> it is about money, organization, iowa, new hampshire to gain delegates to move forward, these debates moved big numbers, 23 million people looking at you in the fox debate and the cnn debate making impressions. can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive? so you're a small business expert from at&t? yeah, give me a problem and i've got the solution. well, we have 30 years of customer records. our cloud can keep them safe and accessible anywhere. my drivers don't have time to fill out forms. tablets. keep it all digital. we're looking to double our deliveries. our fleet apps will find the fastest route. oh, and your boysenberry apple scones smell a

maria: liz claman got some comments about holding back the fed from raising rates. listen to this. >> my main worry is we might have conference five years from now how the fed made a mistake raising rates, you guys are stuck in low inflationary low-interest rate environment as a result of that. >> he should be worried about that. if he studies central planning at the end of the day if you study, when a central planner intervenes during a slow that we report to the 2011 period when interest rates raise, the last time he not only marked the global economy's, he is looking back at history saying i don't want to be that guy. i am one of the indus people at the fed and don't want to get blamed for being the next catalyst for the next crisis. dagen: he is not a voting member. >> he is lobbying hard. dagen: at the jackson hole conference no one was talking to him. he was trying to back off and people didn't, he might have been joking a little bit. >> how you become a member, you got to be there until you are dead but the second thing, take a view that isn't a consensus vie