mr. buffett says the u.s. economy is continuing the, quote, gradual increase it started since the fall of twine, end quote. as for the fed not tapering yesterday, here's what he had to say. >> i didn't have any great expectations one way or the other and it doesn't really make any difference to me in terms of our business or investments whether it's zero, $10 billion or $20 billion. someday it will stop and maybe go the other direction. >> our guest tonight says he was surprised the fed did not taper and that he's not making changes to his investment strategy based on whether it tapers or not. he is jim paulson, chief inrestment strategiinves investment strategist at wells imagine management. did the fed miss an opportunity. >> that's a sign of every successful recovery is the fed reins in its stimulus. i think they had an opportunity. obviously the markets leading up the last several weeks fully, most of us, all thought they were going to taper and the market seemed fine with it. the s&p before yesterday was

mr buffett has certainly profited off the backs of everybody else because he has a heads up as to what the fed is going to do pretty much because they're in constant low when they fall to hedge fund well i think they have deep pockets in other words they've got printing presses and so on security they buy and securities in the open market they buy stocks they buy and sell gold they buy and sell bonds and they're trying to make money just like a hedge fund and then there's sixty to one leverage how is it different deutsche bank you know is a different goldman sachs is just bigger version of the same nonsense but there's only one problem with that max you're right in when the aspect but they're only buying so it's the giant motel there's a big welcome sign for these toxic assets and for treasury bonds but there is no way out and i don't think they realize that yet but i think if you look at the. sort inject your management they're also we are they we know that banks like j.p. morgan they are actively selling gold and si

mr buffett has certainly profited off the backs of everybody else because he has a heads up as to what the fed is going to do pretty much because they're in constant why would they fall to hedge fund well i think they have deep pockets in other words they've got printing presses and so on security they buy and securities in the open market they buy stocks they buy and sell gold they buy and sell bonds and they're trying to make money just like a hedge fund and then there's sixty to one leverage how is it different deutsche bank you know is it different to goldman sachs is just bigger version of the same nonsense but there's only one problem with that max you're right in when the aspect but they're only buying so it's the giant motel there's a big welcome sign for these toxic assets and for treasury bonds but there is no way out and i don't think they realize that yet but i think if you look at the. sort in object your management they're also we are they we know that in banks like j.p. morgan they are actively selling

mr. buffett. he has a pretty good arm. liz: he really does. liz: issue of hard work, times get rough.cks when it came to your biz? >> it continues. it never ends. i'm inspired by what some people refer to as challenges. i see them as opportunities. you worked as a child as well, and what a great opportunity a learning experience, with a paper route, my dad always said, give 110%. if the customer expects the newspaper on the drive way, put it on the front porch. that was my foundation learning to underpromise, overdeliver many, many years later. i'm still the girl with the paper route. liz: under promise, overdeliver, everybody take the message and deliver. >> thank you, liz. thank you. liz: could have taken a different route. turned down a role on "baywatch", david? david: i think -- liz: billionaire now. david: netflix, is a streaming video service that has got everyone talking, not just on wall street, but also at the emmys. does it hold the winning cards in the fight with big media. we'll get into netflix coming next. ♪ she loves a lot of the same things you do. it's what you love

mr. buffett's point of view, as always. but i'm just here to say the nomination of janet yellen is a done deal. the senate banking committee staff has been nmpinformed by t white house. and my information is her nomination is coming this week and it might even be monday. we're going to talk stocks, fed and yellen, much more with our experts just ahead. please don't forget, free market capitalism is the best path to prosperity. i want a private sector-run health care plan. that's all i ask. i'm kudlow. we'll be right back. when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stro

mr. buffett for about ten minutes yesterday and buff let wan buffett wants to meet him in person. >>> weing about miley's twerking, her dad can't either. >> i think that all of what everyone is calling controversy now still, that's still my miley. >> wait until you hear what else billy ray cyrus had to say about his daughter. hey, buddy? oh, hey, flo. you want to see something cool? snapshot, from progressive. my insurance company told me not to talk to people like you. you always do what they tell you? no... try it, and see what your good driving can save you. you don't even have to switch. unless you're scared. i'm not scared, it's... you know we can still see you. no, you can't. pretty sure we can... try snapshot today -- no pressure. ♪ [ male announcer ] some things are designed to draw crowds. ♪ ♪ others are designed to leave them behind. ♪ the all-new 2014 lexus is. it's your move. >>> yes it is, you should always count on your dad to have your back, the same goes for miley cyrus even when she made headlines for twerking this is what billy ray cyrus told piers morgan. >> she's very

mr. buffett is saying they'll keep at this until one of them is hurt and then they'll stop and that's not going to kill the market. that's a 5% to 10% correction. i don't think it's worth moving for that. >> it's interesting that all of this is going on while there's still debate about what's going to happen over at the fed. among the comments that buffett made yesterday, he said he thinks bernanke should stay on. do you think that's a view wild live held -- wildly held in markets here? >> i absolutely do. the market i think trends higher. the economic conditions need to improve. we're starting to see improvements but i think they need to improve. we need to see top-line growth improvement. if all that pans out by the end of the year, and like i said, this market is going to drift higher and it's going to be light volumes. i think we're in a position where we can tape ar and ease o of this. unless we see improvement in the economy and top-line improvement, the fed is going to need to be there. >> it looks like they will be at least for now. john manley and david seaburg, thank you very mu

buffett? becky quick sits down with both mr. buffet and b of aceo brian moynihan coming up at 4:00 on "closing bell." as we head toward the close, 40 minutes left in the trading session. there's a slight bias to the upside as we head toward the close here. >>> grand theft auto 5? number 5 coming out. it may be violent and morally offensive to many people. it's also racking up more than $800 million in first day sales. 800 million. can the stock that owns the game make a killing as well for your portfol portfolio? we take a look at the trade, next. (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity

mr. cramer, i have a question. google has been a key stock for you for warren buffett. believe you also have invested in coca-cola. people are now more health conscious and trying to avoid sugar and drinks like coca-cola. the stock is down significantly. what are you going to do with your investment with coca-cola and what is your advice for a small investor like me? >> okay, we did sell coca-cola not right here in this area. ko -- when i say we, i talk about the charitable trust and the we is stephanie lake. she and i were debating coca-cola today. she feels it's the right level to buy. i have such faith in caroline levy who downgraded it to a sell that i told stephanie, i think it's not right for the charitable trust. if it's not right for the charitable trust it is not right for you. case by case. that's how you have to view the market. today we got strong enough news to overcome the shadow of the gloom. tomorrow, wait and see. it is day by day. "mad money" will be right back. >>> coming up -- triple threat? a long line of dotcom players never lived up to the hype, b

mr. van hollen, he's tried seven times to replace the question. i know you meant of the. you would probably know that. but i remember he is going to do away with the buffett rule, for the major oil companies, farm subsidies and there was one other -- it i escapes me at the moment but it would replace the money that we are cutting out from the sequestered. we should do that. regardless of what our politics are, we are really hurting this country. we are peddling backwards as fast as we can go because of what we're doing with education, with health care, scientific research. we've already fallen far behind that we're no longer number one on almost anything except styrofoam. so i really am very much concerned about that and appreciate yours as well. if we don't do another thing, and, frankly, you know, this debate will not do a thing about sequestration. and i'm sure the farm subsidies -- thank you. anyway, this bill won't do it, and ranking member said so eloquently the fact that we are going to pay china first, why they are still on this bill i never know. including the repeal of the health care which is doing so well out in the country. yesterday's debate