monger and, charlie monger and warren buffett, by the way great interview.e tv before, when those guys talk you listen. they make a lot of sense in the investing world. these guys generally understand long-term value. they basically said, they basically put investors on notice this is a company that is extremely problematic. you put your money in there now. there is a battle going on wall street. liz, you and i were first to report this. this is company, people still long the stock even though it is going down amid all this congressional inquiries about them raising prices and all other stuff involving potential irregularities with dribs to, longs will say, listen this has a lot of assets, valeant. they own all those companies including bausch & lomb. they can sell the assets to pay down massive amount of debt and they can still be a profitable company. and shorts are saying, people not short but skeptical like buffett saying wait a second, this company made money by essentially buying other pharmaceutical outfits and turning around ramping up prices. the po

and so i think that is my basic problem, is that we have allowed fear-mongering to get the better of ourselves. >> you said how people have used the war on terror to enhance their status or power. i wonder if you could talk more about that. >> i think if you look at some of the real abuses of power that have happened in the war on terror, you look at the nsa, which was an agency that really has been totally transformed by the war on terror. it was an agency at the time of 9/11 that was outward looking, was a component of foreign intelligence virtually all of its electronic surveillance was foreign, and today 15 years after 9/11, it has become a large deck surveillance organization -- large domestic surveillance organization on a scale never seen before in the united states. that has taken advantage of the growth of the digital footprint of americans' lives, the social media and all of the things -- credit cards and everything we do now electronically that we didn't even do ten or 15 years ago, and has grandee grandee nom mouse -- gained enormous pour, and that's a classic example of

monger exit stage left. oh, actually goes through the bullpen door.ant to lock that next time. but monger does make the grab. >> not since aaron rowand have we seen a wall crash like that. >> that one was not good. >> no, it wasn't pretty. >>> finally, a friendly competition took place tonight at south pole in south philadelphia all for a great cause. "action news" investigative reporter wendy saltz man scored a strike in tonight's get in the game fundraiser for philadelphia futures. rick williams, chris sowers, ali gorman, also bowling tonight along with the members of philadelphia phillies. see what happened there. game raises funds to help high school students go to college. great cause tonight at the bowling lane. >>> "jimmy kimmel live" next on channel 6 followed by in the in the. for the entire "action news" team, i'm jim gardner. good night.

. >>> cracking down on racial fear mongering, how next door.com is putting its foot down on racial profiling between neighbors. >>> sheriff deputies return to prince's estate. new details on the doctor that saw prince the day before he died. . >>> welcome back to mornings on two. 45 people are dead after a car bombing in baghdad. it exploded in a seite neighbor -- seite neighbor hood. >> isis is claiming responsibility for the bombing. the bomb was in a pickup truck loaded with fruits and vegetables. he saw the driver park the truck and disappear before the explosion. >>> survivors of the nuclear attacks during world war ii welcome president obama visit later this month. he will go to the site where the atomic bomb was dropped. survivors hope to personally meet with president obama so he can hear their stories firsthand. the white house has ruled out a public apology for the bombing. >> the president will offer short simple reflections on his visit, and that will include an observation about the way the relationship between the u.s. and japan has been transformed. >>> the clean up continues

the hearing in the she gets money from the unions and also the unions at the same time word spear mongering inst. louis saying, this is the harm to the residence. we have to have itwith the army corps. you know why they did that ? >> they stand to get jobs if it's moved from the epa . >> $400 million! >> you mentioned senator mccaskill. we are not just talking about democrats here. why would the gop also join forces in support? >> i don't know why. this is a group question. why would he join in supporting the bill. i don't really know. i know why clara did. she is a democrat and she is in bed with the union. it is capitalism for both. maybe rory is getting some money on the side from the teamsters that we don't know about. now it's in the house. that's the point. it cost taxpayers 100 times more than the epa and what they would've paid. it would take another 25 years to get the does it make any sense to you? >> what happens? what is the cost? >> it's in the house right now. the bill is sitting in paul ryan's house of representatives. what i am saying is that the taxpayers have hearings on t

i don't agree with the fear mongering about unauthorized immigrants. i don't think it's fair to call them rapists, and yet i can still vote for a guy who does it because x, y, z, he's a businessman, makes good deals. it's very interesting how they hear what he says that they like, and the stuff they don't, they just discard. >> san francisco just rea firmed they're a sanctuary city and that's where the young woman who was murdered by an undocumented immigrant. >> let's be clear of the basic facts. >> do i agree with trump's characterization? no, no. but there are specific cases and specific policy. >> let me tell you something. the point of emphasis is important. there are incidents in which black people kill white people in america and i can tell you, there are twitter feeds devoted entirely to that. you know what runs that, white nationalists and nazis. to the point that you only emphasize incidents where a black person killed a white person, the people who tend to be obsessed with that -- >> i agree with trump's broad characterization, but he is mak

politically correct and the reason he's been able to do this is there's been all this time with fear mongering. it's news and political circles, it's not surprising that his message is sadly resonating with americans, i'm just surprised that ilts resonating with american muslimmuslims. >> i'm surprised by the media the way they have been twisting and i have seen the war against donald trump from different angles. when he meant the banning of muslims, there was an issue of immigration going on. there were people coming from syria and instead of staying there and fighting for their fights, they wanted to come here and we don't have any system to vet them, people are coming on the -- >> that's just not a true -- there's a very, very laborious system that requires multiple systems in the government to have refugees file asylum. >> why the muslims want to come here, why don't they go to other countries to practice their religion, that's a question and then another thing is this right now we have a program from the europe coming here and we cannot control them, plus, this is written on the wall that

it's not like i disagree with her on every policy issue and i think she is a war monger and criminal.ut i can't believe she would say things like we are going to put a whole bunch of coal miners out of business it remind me of when she said we were dead broke coming out of the white house. hasn't she learned this? >> she is very bad at this. >> i gets's a limited self-awareness and maybe's something that can't be taught. because bill chin on in his prime always knew how to max nice a moment with tv cameras and voters. she doesn't have that human quality and basic awareness that portrays some level of competency. coming up, the party panel returns. he has a nasty dilemma. a little later. he's a men's room in the state of north carolina. here is a peek. >> which bathroom should i use? >> i can't tell. either way, i don't care. when a moment turns romantic why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your med

cracking down on racial fear mongers.own on racial profiling between neighbors. >>> a trail of destruction in parts of oklahoma. the close call for a survivor whose home was hit. ♪ ♪ ♪ ♪ don't you just love it ♪ ♪ on his legendary quest, jack created a breakfast worth waking up for. the triple cheese and hash brown breakfast burrito. with provolone, cheddar, pepperjack, and a crispy hash brown. then he announced it to the world in the most legendary way. ah-hem. ♪triple cheeeeeese! the triple cheese and hash brown breakfast burrito. hurry in before it's gone. . >>> welcome back. 63 people killed in baghdad, it happened in a car bombing. the bomb exploded in a crowded outdoor market in a mostly seite neighborhood -- seite neighborhood. isis saying a suicide bomber carried out the attack. >> look at this. an estimated ef 3 didn't touched down destroying homes and claiming the life of a man. the governor declared a state of emergency. >> a few minutes after we left it hit our house and they think it hit us twice. >> there we

it is to mobilize people, to wage peace, and to stop the war mongers. you know what is interesting about the warmongers? they want our country to go to war, but they don't want to go to war. a lot of them were draftdodgers during the vietnam war, and they liked the vietnam war and their buddies going over there. we have to be very strong about telling our members of congress and the white house that the first option is waging peace, preventing conflict. you look at our adversaries abroad, almost all of them were created by u.s. policy. 's group was provoked or funded to find the soviet union and then turned against us. saddam hussein was a u.s. ally. we propped him up and encouraged him to invade iran. a huge slaughter in that war. and then of course, we turned against him. amazing boomerang foreign policy because it is dictatorial ly controlled. we have to overcome it with democratic resurgence. that is what the constitutional hall effort is. breakingee the various through power and how to do it. that is day one. breaking through congress is day four,

warren buffett and charlie monger sitting down. they discussed what is the woodstock of capitalism.ake a listen. >> there's been far, far, far more money made by wall, by people in wall street through salesmanship abilities than through investment abilities. >> he points out a vanguard fund that tracks. he also slammed a pharmaceutical saying it is enormously flawed and turned out to be a sewer and those who treated it got what they deserved. and how does he feel about the 2016 political race? he says he would be okay with either hillary clinton or donald trump saying one of them is very likely to win the election. you know buffett coming on "squawk box" later in the morning. >>> coming up, puerto rico warns it will miss a major debt payment to creditors. it could be the first in a series of steps towards decline. >>> this day in history. 75 years ago today, general mills began shipping a cereal called cheerios. the name was later changed to cheerios. they later introduced punkin spice cheerios. and others turned to fresh egg sandwiches and greek yogurt. hey dad. hey sweetie, how wa

it's been called a sewer by charlie monger the same day. the resurrection is duly noted. and the back from the dead jump today. maybe -- let's just call it extraordinary. maybe it is a new beginning. i'm open minded. i took a lot of trashing on social media, when i said the stock at chipotle wouldn't be destroyed. it's one of those moments i become so used to when i stick my neck out. i'm rated as a crown. call me crusty, see if i care. the stock is unchanged from the end of days quarter. i reiterate that, i believe the stock's going higher over the long term. last but not least, there's apple, stock had been down for eight straight days. last night tim cook came on mad money, and cook made a case that perhaps the service revenue stream isn't being valued correctly. it will keep going regardless if the unit slowed down this quarter or not. cook made a case for apple stock to be bought. bought right here because of that under evaluation. we know he's purchasing stock. i know many bears who had heard cook double down. they were everywhere. you'll be able to watch the rest o

. >> the war monger is saying the cold war looks like it is coming to an end. >> freedom is the recognition no single authority or government has a monopoly on the truth. it is the right to put forth an idea, scoffed at by the experts, and watch it catch fire among the people. >> in gorbachev's soviet union, food has become even harder to get. once there was a selection, maybe two or three cheeses. now there's only one. there's a dangerous undertone to complaints. we ate better they say in the days of brezhnev. >> there was stress in the soviet system because they were trying to change it to a system that was unchangeable and unable to adapt to a modern world. gorbachev thought the united states is so far ahead of him, the soviet system is so far behind, we need to accelerate the reforms. >> today i can report to you that the soviet union has taken a decision to reduce its armed forces. within the next two years their numerical strength will be reduced by 500,000 men. numbers of conventional armaments will also be reduced. >> they didn't have much choice about this because they couldn't bai

was saying to chris cuomo, the words are offensive, dangerous, unpredictable, not qualified, fear mongeringative, right? and i think that these are words you're going to hear over and over again because she's just going to say this is too dangerous a choice for americans to make. >> it is clearly at a different level. however, it is the same basic decision as the 3:00 a.m. phone call she tried to barack obama when they ran against each other in 2008. she said he is not ready for the 3:00 a.m. phone call, i am. again, different tone in this, but she tried this once and it didn't work. >> let's remember back in 2008 then senator barack obama was a bit of a blank slate. we've got donald trump making all kinds of statements, anything but a blank slate. he is promising every single day to build this wall with mexico and have mexico pay for it. he is threatening or promising every day to deport people. 11 million people. he is threatening, talking about every day reorganizing our relationship to nato and to all of the other major alliances we have, not to mention trade deals. so when hillary clin

they try to fear monger and divide and if you don't have a job it's the brown people and if there's somethingyour marriage it's the gay people and i just think we're a better country than that. i think at the end of the day we're going to listen to our better angels. this is not who america is. this and have to hope that at the end of the day it almost is going to be between love and hate in this election. >> and bill when we talk about this issue in california if you look at the republicans this is not necessarily something that is partisan. >> it's not productive in rebuilding the party. it's 28% and shower rirrinking. voters will overtake to get back in business and win elections. it has to adapt the message and come out with a coherent policy and it has to find a way to appeal to women and other minority blocks and this conversation is not doing it. >> i want to look forward to what the two of you are doing and that's june 7th in your great state of california and i think one of the points that i like to bring up being in california myself is talking about the five states where do the dem

. >> when mika goes from that to say trump is a war monger, trigger happy, did the media have an obligation to point out he opposed the war and is far less of a hawk than hillary clinton. >> a lot of these when she decisions were made he was a private citizen, wasn't getting these intel reports. >> that doesn't let him off the hook completely. >> with this tweet what he did is he took a direct stab at hillary clinton and the benghazi cover up and he basically went out and he said this is an act of terror that american people are sick of like covering this stuff up, we're going to call a spade a spade i'm not a traditional politician, i am breaking the establishment, not reading off the scripted talking points i'm going to tell you how it is. i think that's who donald trump is and that's how he's running his campaign. >> you're shaking your head, joe. talk about winning the news cycle. so hillary clinton hours later is on cnn with chris cuomo and she says it does appear to be an act of terrorism which is what trump's tweet said but then she ends up getting questioned about trump's gate becau

you just had buffett and monger, two of the greatest acquirers of companies building value and tim takeese guys. you can not have $200 billion on the books, do nothing with it for years and expect your business to grow. look at disney, they acquired "star wars" and pixar and where would they be without these acquisition, marvel. apple needs to buy tesla or buy netflix if they want to be in the tv business or both. liz: buffett hates having too much cash on the book. he spent 32 billion on precision castparts. we have minute to go. we have three names. two defense names, lockheed martin and northrop grumman. what is up with defense that caught your eye? >> we started investing in defense about a year ago, with obviously rise of isis creates enormous demand for bombs, missiles and drones but what happened over the last year as the u.s. not invested enough in rebuilding and supporting our military as well as our allies. we have troops in iraq. they are now actively fighting in syria and iraq. we lost a u.s. navy seal today in combat against isis, and my thoughts are with him. we need to go

oh, you're a hate monger. you're a nazi. you're like hitler. now they come and say, oh, you're like donald trump. oug after the trump campaign congratulated william johnson, farmer and white nationalist, on being selected as an official trump delegate, after the california secretary of state published his name as an official trump delegate. after "mother jones" published this remarkable piece today pointing out that donald trump just named as one of his delegates the white nationalist robocall guy from the primaries. after all of that, late today, the trump campaign decided to rescind their offer to william johnson, farmer and white nationalist. they're attributing the whole thing to what they're calling a database error. but we do have the list from california of all of the official delegates from all of the campaigns. apparently, because of this database error, william johnson, the farmer and white nationalist, he will be taken off the trump slate of delegates. had he remained a trump delegate, he would have been able to serve in that capacit

. >> at the root of this is the grievance monger that donald trump does. the sense he's being taken advantage of. i'm a critic of president obama's but america is the richest country in the world, the most successful country in the world and we have become that by interacting with the world and if you go to france and germany. we have a sense we have to be part of the world and america is respected for that and for donald trump to take pride in rattling other nations you're absolutely right that america -- an unstable america is not positive. >> and that focuses on the image of who is this guy going to be as president. he criticized president obama calling him incompetent when president obama's approval ratings are in the 50s. higher than ronald reagan was when he -- at this point in his presidency the criticism of donald trump's foreign policy proposals are not coming from partisans, they're coming from robert gates, the gop chairman of homeland security, many republican republica republicans who understand the nature of global diplomacy and the fact that

. >> at the root of this is sort of grievance mongering that donald trump does, the sense that america is being taken advantage of by the world. look, i'm a critic of president obama. but america is the richest country in the world, we're the most successful country in the world and we have become that by interacting with the world. if you go to france, if you go to germany, japan, you'll find a lot of americans who died helping make the world better because we have a sense we have to be part of the world. america is respected for that, and for donald trump to take pride in rattling other nations, you're right. america, an unstable america and unstable american president is not a positive thing for americans. >> i think that that actually focuses on the image of who is this guy going to be as president, more like a dictator than president. it is interesting he criticized president obama calling him incompetent when president obama's approval ratings are in the 50s, higher than ronald reagan at this point of his presidency. the other thing is the criticism of donald trump's foreign poli

interest and national capabilities are disappointing in that context while inflammatory claims and fear mongering will produce unworkable and dangerous policy. looking over the region the last time and this is my final comment. the last 10 time globalization was imploding into work about 100 years ago said jess and salutary lessons, not least that outsiders get entangled in vocal fuels and vendettas in which they will never be more than tools. this time however there seems to be little appetite for taking on as possibilities of rendered and assertive advice and assist in him the power to the civilized world bar probably more importantly, even a clear out exactly what is civilized. it is indeed a world at an inflection point. thank you. [applause] >> what you said a more humble little conversation and then we will open it up. thank you very much for those very thoughtful and thought-provoking remarks. the first question that strikes me is to shift the goal state made to sort of modernizing keeping personal politics was facilitated by spectacular wealth. what does the advent of scarcity in the midd

hathaway, charlie monger, 92 years old. warren buffett 85 the young pup of this group. >> i'm the kid. liz: you're the kid. great to have you both. don't sell first day of day. market set for nice gains. here is the closing bell. [closing bell rings] melissa, dave asman pick it up from here. melissa: stocks climbing this afternoon. the dow ending the day up triple digits. i'm melissa francis. david: i'm david asman, this is "after the bell." at this hour, we are one day away from crucial voting in indiana. the candidates barnstorming across the state, marking their final pitches to voters there. donald trump is expected to take the stage any moment in carmel, indiana. meanwh an animated exchange with one of donald trump's supporters in marion, indiana. cruz fighting to keep his composure as protesters shout insults. we'll play some of that coming up. melissa: donald trump is aiming for knockout. the gop front-runner is hoping to eliminate his competition with a big win in indiana tomorrow. "the donald" make a final pitch in

now all of a sudden you have donald trump accusing her of being a war monger for her vote on iraq andajor subject. so, this is a completely unique circumstance which the republicans will be attacking the democrat from the left. on foreign policy and national security. >> maybe more than foreign policy. i mean i think he could get to her left on entitlement thinking and stuff like that. this is a jumble. this is a categorical jumble that he is creating, we always think within we say grass roots republican we're thinking of ted cruz conservative as somebody noted. this year, we're talking grass roots republicans, we're talking trump voters, not going for ted cruz. the whole surprising thing almost as if it's not the base versus the establishment which i think you've voted which is what we're used to. but the base surprising the establish changing part of its nature. >> for as much as trump may scramble categories in the fall i tend to think we're not going to get to that point in the conversation if trump is continuously going after hillary clinton for being a woman and going after vari

. >> kathy matthews: i won't be fear-mongered into thinking that you can't do anything. hearts, i believe you can. and i believe you should. and i believe you haven't. and now you're paying the price. >> olbert: we're paying the price. >> bill whitaker has covered earthquakes around the world. but oklahoma's are a different story. go to 60minutesovertime.com, sponsored by pfizer. ♪ your body was made for better things than rheumatoid arthritis. before you and your rheumatologist move to another treatment, ask if xeljanz is right for you. xeljanz is a small pill for adults with moderate to severe ra for whom methotrexate did not work well. xeljanz can reduce joint pain and swelling in as little as two weeks, xeljanz can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections, lymphoma and other cancers have happened. don't start xeljanz if you have an infection. tears in th