today i'll speak with legendary value investor mario gabelli. find out how he sees the markets for the rest of the year, and where he is putting his money now. >>> then the man who has been sounding the alarm on america's debt and deficit for years. does he see any hope on the horizon? i'll speak with former comptroller general david walker. >>> and michael j. fox on his battle with parkinson's and funding the research and finding a re. "the wall street journal report" starts right now. >> this is america's number one financial news program, "the wall street journal report." now maria bartiromo. >>> here is a look at what is making news as we head into a new week on wall street. disappointing news about america's economy. another look at the gdp for the first quarter by the federal government showed an annual increase of just 1.8%. that's a slower pace than economists had expected, and a sign of a softening economy, even though it is a backwards-looking indicator. the week started off with a blue monday as the markets fell on concerns about euro

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that hasn't discouraged money manager mario gabelli. >> the background noise of what has occurred in the papers with the lubrizol deal has created an air pocket in the stock. it's worthwhile to stay with it. in fact, it's getting to be time to buy it. >> susie: money manager david rolfe sees the stock topping $175,000 this year. >> it's very rare when you can buy berkshire hathaway when earnings look like they are compounding at plus 25%, as well as how cheap the stock is today. again, it's a very a rare opportunity to pick up these shares at a significant discount to fair value. >> susie: the meeting's other big topic? who will fill buffett's enormous shoes once the octogenarian is gone. buffett told shareholders the unnamed leading candidate is "as straight as an arrow." >> it's absolutely essential that anybody that runs berkshire be a first class character, but that's always been true. >> susie: matt rose is rumored to be buffett's top pick. he is c.e.o. of burlington northern. that's the huge railroad buffett bought a year ago. but rose is mum on the subject. >> i just think war