we call it weekend with warren. attracts, warren was telling us this last night. he says he thinks it may hit 38,000 people but before it got under way we did something that has never been done before. i walked along for the first time ever with warren buffett and his three children. you know after years and years at fox business we had that exclusive and review with the three adult children, howard, susie and peter but warren has never done an interview with things like this. one of them is like growing up as children of the oracle of omaha and during this exclusive interview i had the chance, howard sits on coca-cola's board, his thoughts on his father's decision to abstain from voting on coca-cola's new executive compensation plan. here's what howard buffett told fox business last may. when i look at all three if you you are different but all have your foundation but if anybody got the investment or corporate jean it would be you. you sit on the board of a bunch of companies, and needless to say you two were watching this with much interest when warren who berk

elizabeth warren, thank you so much for joining me. senator elizabeth warren.e book is a fighting chance. we'll be right back. thank you so much . >> stephen: that's it for the report, captioning sponsored by comedy central captioned by media access group at wgbh access.wgbh.org

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this weekend we are in omaha with warren buffett. we have a lot to talk to warren about. thank you for getting up extra early here. it is an hour earlier. before we get to all of that, we'll get today's headlines from andrew back at cnbc headquarters. andrew, i hope you had a safe flight back. >> thank you. i was with you over the weekend and had a great time. lots of questions for warren in a moment, but we'll get you caught up on the headlines right now because there's more violence in ukraine over the weekend. pro-russian militants stormed a you cre ukrainian police building. 40 pro-russians died in a blaze at a building they occupied after clashes with pro-kiev groups. fighting in ukraine grew more widespread as the key of government stepped up a campaign to quell a pro-russian insurgency. meanwhile, germany is pressing for another round of talks in geneva to bring russia and ukraine together and the u.s. and european union. the german chancellor angela merkel and russian president putin discussed the crisis in a phone call on sunday. joe? >>> china's factory activity

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i'm a warren buffett devotee from 1980 on. i think what you have to do is what warren says. long-term the u.s. economy grows. you buy good businesses with high returns on equity and strong balance sheets and buy them at low multiples and try not to play stock market. i'm not smart must have whether the market will cycle down 200 points on s&p and come back but i still think there are reasonable values out there. david: okay, but, mike, here's the problem. this comes out of jobs figures. everybody thought. >> tremendous. unemployment rate dropping down to 6.3. but then you look at the numbers, you realize 800,000 people just dropped out of the employment figures. labor force participation shrinking back to 1978 levels. and here's the thing that is really bothersome, real median income, real median income, once you factor out the inflation figure, is down 3% in the united states from the end of the recession. so, when the recession end you're supposed to get more money and have more money in your pocket to buy more. we're going exactly in the opposite direction. that has to ca

do you have a question you would love to ask warren? have warren ask him what the keystone decision will be. liz: i will ask him. >> that would be a good one. liz: governor heineman, thank you for coming exclusively once again. seven years straight, melissa. governor dave heineman of nebraska. melissa: i hope you ask the question. i will watch on monday. great interview, liz. thank you so much. more coverage on weekend with warren ahead. in the next hour, growing up buffett. liz talks to warren buffett's three children and then you don't want to miss this. tune in on monday at 9:30 a.m. for liz's exclusive sit-down with warren buffett, bill gates and charlie monger. i will be there. it will be rivetting. i hope you join all of us. >>> it is kind of an american dream even hollywood couldn't make up. a bombshell report on one of baseball's biggest stars is forcing mlb to finally face the music and to a different kind of american dream, one of the cheese variety, sandwiches falling from the sky and how you can get your hand on them. i can

i guess warren is a little right about that. about being in the social order or being in the establishment, you know, i wouldn't do what i do. but the point is -- >> i'm reminded -- i'm reminded, i guess, of that famous saying of yours, there's war and then there's peace. there's war again and peace again as well. i know you've said that on many occasion to sort of describe these situations. let me ask you before we run, carl, about apple quickly. they split the stock j raised the dividend, increased the buyback. do you think you were directly responsible for any of those? >> i like tim cook. that's not one my warring gene is manifested. i think he's doing a good job. i personally think apple, as you know, we said -- that's an interesting by the way if i could take two minutes to talk about because i might be making news in the future, maybe you heard it first here. we recommended on twitter apple at 470 or something like that. it's up 100 points. i haven't sold a share. i like to feel tim listened to me. we had a very nice dinn

there's many about warren buffet. he's an unusual character, what sets him apart from everyone else in the investing world. >> his down home folksiness, the fact that he's a midwestern plain spoken folksy guy who is relatable and represents the common man, not the suite of executives enriching themselves with stock options. you mentioned earlier that the target c.e.o. is being replaced. he may walk away with $50 million in stock options and compensation. that would never happen with warren buffet or his sub-siduraries. that's one of many examples. >> he doesn't walk like c.e.o.s walk. he has a simple life, lived in the same house he loved in for decades, a normal house, it's not a compound. there's something about warren buffet that appeals to people. fundamentally he makes people a lot of money. >> he does, but he also is very relatable in that he believes that you should pay taxes and you should bepatriotic, and that you should do the right thing, and he leads by example, which is very refreshing and an inspiration

warren buffett, charlie munger and bill gates.with us the first hour of trade for the market. a big exclusive to have them in the first hour of trading. their opinions definitely matter and move the market. send me a question. tracy: that is awesome. i'm loving interview in the school also. thank you. dvr if you cannot catch us live, have a great weekend. >> what a week. first, we learn that china taking over as number one economic power in the world, then we learned that the administration may have misled us about benghazi. only 67% of obamacare envoys have actually paid for coverage. tonight, if the white house thinks this job report is going to erase all that company may have another think thing coming. i am david asman and four neil cavuto. all they we have been hearing everyone celebrated new jobs

three hours with warren buffett. and long-time adviser charlie munger on set with warren.e father of microsoft. bill gates. all three on set together. bill gates is a director the at berkshire hathaway. monday, 6:00 a.m. eastern. we have so much to talk about. we'll send it back to you. andrew, i'll see you in a little bit. joe, feel better. >> okay. we'll see you next week. >> the voice doesn't sound like it. >> the voice doesn't necessarily show how you feel. >> coming up, we'll bring you the job numbers. instant analysis. and a move in the markets. don't go anywhere. jobs report in just a minute. [ ] there's a gap out there. ♪ that's keeping you apart from the healthcare you deserve. ♪ but if healthcare changes... ♪ ...if it becomes simpler... the gap begins to close. ♪ when frustration and paperwork decrease... when doctors are better connected... when grandparents get to live at home instead of in a home... ♪ ...the gap closes even more. ♪ and you begin to live a healthier, happier life. ♪ so let's simplify things. ♪ let's close the gap between people and care. ♪ betw

warren buffett, charlie munger and bill gates.with us the first hour of trade for the market. a big exclusive to have them in the first hour of trading. their opinions definitely matter and move the market. send me a question. tracy: that is awesome. i'm loving interview in the school also. school also. thank you. ♪ oh-oh, oh, oh, la, la-la, la-la, la-la ♪ ♪ na-naa, na-na-na-na-na some things just go together, like auto and home insurance. bundle them together at progrsive, and you save big on both. ♪ oh, oh-oh, oh, oh hey, it's me! [ whistles ] and there's my dog! [gasps] there's my steps! i should stotalking. perfectly paired savings. now, that's progressive. >>> new developments tonight in the benghazi scandal at the center of these coach. s developments, an incriminates e-mail. the white house hastily constructed what was an awkward some might say clumsy defense of their words and actions. the white house now claims there were two, two sets of talking points given to susan rice before she went on five sunday talk shows and fam

warren buffett, charlie monther and bill gates. choosing your financial adviser, how to find one that fits and who do you trust?" on the money" starts right now. >> this is america's number one financial news program. "the on the money," becky quick. >> here's a look at what's making news as a new week on "on the money." federal reserve chair janet yellen testified before lawmakers on the house and the senate and said though that the economy is improving it still has a long way to go. to most people that means interest rates will stay low for a long time to come and that's good news as far as stocks are concerned. the dow and the s&p 500 had their best day in three weeks on wednesday after she spoke. they were mixed on thursday and rose on friday. earnings season chugs along. pfizer beating estimates, disney bl blew out expectations and tesla foal its outlook and zil low was beat as well. ali banna fighting for its initial public offering this week and is expected to raise more than $15 billion when it goes public. it could be the

warren buffett, charlie munger and bill gates.for the market. a big exclusive to have them in the first hour of trading. their opinions definitely matter and move the market. send me a question. tracy: that is awesome. i'm loving interview in the school also. thank you. friday night, buddy. you are gonna need a wingman. and with my cash back, you are money. forget him. my airline miles will take your game worldwide. what i'm really looking for is -- i got two words for you -- re-wards. ♪ there's got to be better cards than this. [ male announcer ] there's a better way with creditcards.com. compare hundreds of cards from all the major banks to find the one that's right for you. it's simple. search, compare, and apply at creditcards.com. first round's on me. ♪ ♪ know. >> i am banning mr. sterling for life. >> the ceo, brendan eich, has been forced to resign. vilified for his work. what is okay to say? the airwaves are filled with fluster and defeat. >> the hash tag cancel koger is trending.

gregg warren is the berkshire analyst for morningstar. and you were on the panel asking questions to buffett and munger. 20-thousand people in the qwest center and there you are on stage at the center of it all. a thrill - or a panic moment? >>you would almost think it's a moment of panic. you're getting set up 15-0 minutes before they start the whole thing off. oddly enough, i just sort of phased out the fact that there were 20 thousand people sitting there in front of me and really focused in on the questions. i think it helps too because warren and charlie are right off there to the side of you. you've got the laptop in front of you and you're reading the questions directly off of it. so you're really focused in on what you're doing. you're also paying attention to how they are answering questions. you're looking for potential feedback loops, potential follow up questions that you can ask. so after a while, the crowd just sort of phases out. >>you only hear them probably in those lighter moments and there's humor in the air. >>you know

warren buffett, charlie munger and bill gates.to have them in the first hour of trading. their opinions definitely matter and move the market. send me a question. tracy: that is awesome. i'm loving interview in the school also. school also. thank you. my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. pradaxa can cause

big fan of warren buffett. and a big fan of omaha.'m debbie from omaha, nebraska. >> nora from queens. go fox business! >> daniel from omaha, nebraska. shareholder of berkshire hathaway. go warren buffett. >> go fox business. uncer: wherer be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: scottrade- proud to be ranked "best overall client experience." we are thinkers. the job jugglers. the up all-nhts. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can s, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours. i got more advice than i knew what

and unfortunately when it happened at coca-cola you know, i think warren has tried. and i think he will try more. but there is more work to do. and you know i think his heart and his wallet and his mind are in the right place. >> so you have been a long-time berkshire shareholder. and berkshire stock over the past couple of years has not been doing as well as the broader market, how do you feel about that? >> well, berkshire hathaway has been a great american success story, and the returns in the future and in the immediate path cannot be as good, just mathematically as they have been going back 20, 30 years. >> david, were you surprised when you heard that buffet advised his wife to put most of her money in an s&p index fund, how did you feel about that? is that good advice? >> well, i think really what it is, it is an acknowledgment, you know, a public acknowledgment, which is the right way to do it. and i think very open on buffet's part that the returns in the future can't be as good as just -- being an index invest. and so i think that unfortunately, the past is

warren buffett has made a lot of money with his insurance businesses. billionaire says in the end he would pick the good of society over profits any day. take a listen. liz: you said if driverless cars hit the roads and accident rates go down because they end up being safer, that could meaningfully and negatively affect your geico insurance unit. >> yeah. but if they really work well, they're good socially. but, sure, they could reduce the costs of insurance. anything that improves, reduces accident rates, reduces death rates and all that will reduce the cost of insurance, and that's basically a good thing for society. liz: but a bad thing for geico. >> overall, the world would be better off if we didn't have any car accidents. liz: of course. but it got so onerous on geico's business model, would you sell geico? >> i won't sell geico. liz: never? >> no. no, no. never. liz: does it hurt eventually if more and more people go to electric cars, does it hurt burlington northern railroad? a huge amount of the car doe on your railroad is oil to, facile fuels,

she asks senator warren. >> okay, we are ready.nator warren, if it give one piece of advice to young person hoping to break through multiple gridlock and create meaningful change, what would it be? >> welcome to work. >> melissa and i are ready. so look, in a sense, let's all be clear about this. let's not follow the path i followed. getting married, having children, divorcing. that is not the way. but it is about following a different pathway. i really have been blessed. i work on feelings. i truly care about and that means i'm thinking about those things before i wake up in the morning and i'm still thinking about them when i go to bed at night. and the consequence of that for me, you will see this in a lot of places is that we are never planned, but when the door opened and we figured out what you can do or even a glimpse of what you might be able to do, if you ran full tilt through that door, that was how i built the pieces and each time i would take one back in and say this is improbable. they just keep on running. so i can sa

warren: thank you mr. president. i want to commend the senator from new york and all of my colleagues who have been here. mr. president, 40 million borrowers in this country have student loan debt. 40 million. student loan debt is exploding and it threatens the financial stability of our young people and the financial stability of this country. i am pleased to see so many of my colleagues here tonight talking about this problem because make no mistake, this is an emergency. outstanding student loans now total more than $1.2 trillion and millions of young people are struggling to keep up with their payments. it doesn't have to be this way. congress set artificially high interest rates on old student loans that generate extra money for the government. the g.a.o. recently projected that the government will bring in $66 billion in on just the slice of student loans issued between 2007 and 2012. those are the kinds of profits that would make a fortune 500 c.e.o. proud. these young people didn't go to the mall and run up c

that's what warren buffett has said in the past. >> i don't think warren buffett is a cereal guy. i think he's more of a coke in the morning kind of guy, coca-cola. >> and dairy queen brands. >> yeah. >> also a warning for the retirement fund, the target funds that change the investment mix automatically the closer you get to retirement? well, they may be hurting investors who are saving for retirement more than helping them. that's what a new study says, but not everybody agrees with that study's conclusion. it's a story that could affect millions of savers, and we will hear from both sides of this very, very important issue coming up here. >> yes. >> now, again, here's where we stand in markets. it will be another banner day most likely. don't want to jinx it here. the dow has added 25 point. 1670 is the level. the nasdaq a strong day yesterday and giving up 1/10 of 1%. down about five points right now. finally the s&p 500, roughly flat, up two minutes, we've kissed 1900 today. >> here we go. let talk about in today's closing bell exchange, amy wu from rbc capital markets and da

i might pick your question ask warren buffett.instant updates on twitter @liz claman all day standard from the meeting and tomorrow starting at 9 a.m. eastern, we're live with the whole buffett crew. stay tuned, see you then. cheryl: all right, thank you, liz. coming up, something every athlete in your life means, denim jeans that actually fit their muscular body. we have the founder behind a start-up that's heating up and stretching out sporty fashion apparel. that is coming up next. ♪ ♪ humans. even when we cross our "ts" and dot our "i's", we still run into problems. that's why liberty mutual insurance offers accident forgiveness with our auto policies. if you qualify, your rates won't go up due to your first accident. because making mistakes is only human, and so are we. we also offer new car replacement, so if you total your new car, we'll give you the money for a new one. call liberty mutual insurance at... and ask us all about our auto features, like guaranteed repairs, where if you get into an accident and use one of our c

i'm becky quick reporting from warren's world. the berkshire hathaway annual shareholders meeting in omaha, nebraska. what is it, how does it work, and is it right for you? a clear vision how one online retailer is doing a reverse commute, moving from brick and mortar to the internet. >>> and are you saving enough for retirement? tips that can help you jump start your plan and just how much should you have salted away? "on the money" starts right now. >> this is america's number one financial news program, "on the money." now, becky quick. >> here's a look at what's making news as we head into a new week "on the money." a blowout jobs report for the month of april. the economy created 288,000 jobs last month and the unemployment rate plunged to 6.3%, the lowest level since 2008. numbers from the previous months were revised upwards, as well. there were fewer people looking for jobs than there have been in about 30 years. after setting its first record of the year on the last day of april, the dow kicked off may with a slight slump

at 83, warren buffett is a superstar for advice on everything from his company, the market and the business world. all that and more tonight on "nightly business report" for monday, may 5th. >>> good evening, everyone. we begin tonight with a change at the top at target, the nation's number three retailer. gregg steinhafel, the company's chairman and ceo stepped down today five months after a massive data breach that put at risk personal and financial information belonging to millions of customers. the resignation is effective immediately. steinhafel had been with target, 35 years and is arguably the first major company ceo to lose his job to a cyber crime. the the news rattled investors, target shares fell 2.5%, one of the biggest decliners in the s&p 500. so what's next for target and will it change in the corner office restore trust in the company after it put so many customers at risk. courtney raying ann after today's ouster and the search for a new leader. >> as time goes on we'll get down to the bottom of this. we are not going to rest until we understand what happened and how that h

warren buffett live at 6:00 a.m.lso joined by charlie munger, and then bill gates, founder and creator of microsoft, also a berkshire board member will join us, so we do have three hours of all to talk about. >> becky, why don't you do some work for once and get good guests. bill gates? warren buffett? >> reporter: i know, we're resting on the laurels. you should call me betty. that's what i get called all the time, ryan. >> i see you're playing along here, becky. you have a bit of a sense of humor. >> reporter: betty. >> thanks, becky. >> mindy agrees with you. >> i love that. thank you, betty. >>> skechers got a lot of good pr for sponsoring the winner of the boston marathon, now it's say it wants to buy the l.a. clippers. who doesn't if they've got the money. >> we're going deeper than just the headlines. we're analyzing skechers, the stock, on the fundamentals. speaking of movers, let es go to the break, call an audible, tlt, melissa lee pointing out on twitter, this t-bond index, a bond fund is up 1.5% this week

green is accused of opening fire on warren and her passenger. warren was killed. she was a recent graduate of sacramento state university. where she studied criminal justice. police say green will be extradited to san francisco soon. prosecutors are asking for the death penalty -- for the man accused of killing morgan hill cheerleader sierra lamar. antolin garcia-torres pleaded not guilty to killing the 15- year-old. she disappeared two years ago. prosecutors say they have d-n-a evidence linking garcia-torres to sierra. what prosecutors *don't* have. is her body. garcia-torres is also facing charges for the attempted kidnappings of three other women. no trial date has been announced yet. it's one of the bay area's biggest tourist attractions. and soon it may be *off-limits -- during the height of tourist season! find out why. on the move after being kicked out of their east bay encampment. where former albany 'bulb' residents are now calling home -- and the problems that is causing. commuters in san francisco may soon find fewer seats and more passengers packed in

that's what warren does. deferred tax is an important engine of growth. >> we've been hitting new highs in the market. does the market here feel expensive to you? does it feel reasonable? is it cheap at this point and how tough is it to find good buys? >> i think there's lots to do. because the market movement has been in relatively few, very popular securities. and you can see the corporate mating dance going on and so, there's deals to be had and you know, mario's an expert on this. but i think that if you look globally and you're willing to really do the work, there's lots of gems that are mispriced. >> within the context of the market, where new highs on the dow and interest rates, the market has to at some point focus on when interest rates go back to a more normal le aal le. is the market already discounted that? have they adjusted to the tightening by the fed? the answer is well, no, when it happens, there will be some hiccu hiccups. there's no margin of safety. for some shock, it could have the old fa

first proposed by billionaire investor warren buffet. >>> this came out just in advance of hillary's book. >> i think hillary's book will sell more copies. >> some very fetching pictures inside. >> she's the real deal. she comes from the lower -- she comes from the lower middle class. she was told from the times she was a child she inherited cherokee blood, if that's what you want to giggle about. >> american indian. >> the skurge of american banks. anyone who is sitting on a loan of any kind feels they should have the right to negotiate. it's terrific public policy, it will never get 60 votes in today's senate, but she's going to be around for a while and we're going to continue to hear from her. i don't believe she's going to run for president if hillary runs, but she's got the makings of a strong policy leader for years to come. >> what if she runs and that was about a week ago -- >> i don't think she will run if hillary clinton indicates she will run. i think there's ana agreement that nobody will get in the way -- >> you want to make a bet on that? >> yes. >> i think she would h

>> i think this stuff is utterly precious. >> warren, you agree? >> well, if i were in charge of running the united states for the next 500 year, i'd want to ability to produce energy because i would not want to be dependent on the rest of the world in that respect, but if otherwise, and like i said, a responsibility for hundreds and hundreds of years, i'd use the other guys. >> with the stock market hitting new highs, if that concerns any of the throw of you, things are starting to look expensive. bill, what do you think? >> well, relative to interest rates, equities are still a bargain. the central banks are making sure that's the case. trying to stimulate these economies as best they can. the fact that it requires the gas pedal being pushed to the floor as much as it does is amazing and even a little bit scary thing. >> charlie, what do you think? >> bill gross calls the new normal. common stocks may not do as well in the future as they did in the last 100 years, but that doesn't mean that the mungers are going to sell their common stocks in ord

that only shows uniqueness of warren's voice.uce add new student loan bill, her second major piece of legislation on the topic. the basic idea is to allow graduates to pay big amounts of debt to refinance them at lower rates as you would your home mortgage. in this interview this week we talked a lot more about that bill. we talked about scott brown. i began by asking her to explain to me how this bill works. >> what question've got right now is that young people are being crushed by student loan debt. people who borrowed money in years past have interest rating of 7%, 8%, 9%, sometimes even much, much higher. that is more than enough money to cover the cost of the loans. it is producing tens of billions of dollars in profits for the united states government. so what we propose is to refinance that debt to bring it down to the same interest rates that new borrowers are offering this year, which is 3.86% on undergraduate loans, a little higher on graduate loans and plus loans so that young people have a shot at paying off their st

later tonight, we'll be joined live by senator elizabeth warren. we'll talk to her about her fight for fairness, for equality. and why she says republicans have the magical thinking. we're excited to have her with us. but we start with tonight's lead. for the first time, a christie staffer who was inside that trenton office before, during and after the lane closings is speaking out. publicly and under oath. for nearly five hours today, new jersey lawmakers grilled christina reena, the first witness to testify before the committee. it was dramatic at times. emotional, and raised big new questions. reena worked in the office run by bridget kelly, who was reena's direct boss and who sent that now notorious e-mail, time for some traffic problems in ft. lee. since that e-mail surfaced, a major question has been who else was involved, who else knew? today, reena testified that she didn't know of the lane closings plot and this is key. she doesn't believe kelly cooked up the plan by herself. >> i wouldn't say she was the architect, but she was instrumenta

> it's going to be a real battle center left, hillary clinton and the left, inspired by elizabeth warren massachusetts. yesterday, bill clinton came out of his corner in round one. he served notice that he is prepared to celebrate his own economic record. at georgetown yesterday, he argued that he brought 8 million people out of poverty and into the american middle class. he also has been making a pitch for preschool education. a page right from the book of new york's populist new mayor bill deblasio. could the clintons be making it clear, do not get cut off from the democratic party base, not let elizabeth warren, who says she's not running, or someone else with her leaning, that she's not tied to wall street. for the clintons there's a problem. at some point, they have to choose, do they join with the hard left and blast away with people at wealth, especially those in big finance. do they? even though they have many friends and sup the poerts in those ranks? and at what point will they face the need to say the populists have gone too far. ryan grimm and anna palmer, ryan let's get to t

senator warren's election in 2012 is the first u.s. senator from massachusetts likely became recognized as an exciting fresh face on the political scene. she has captivated the public with a clear voice a powerful message and a track record taking on and rigged against hard-working people like her own family does in her words who live on the ragged edge of the middle class. it has been our lives work as the title of her books are just to give hard-working americans a fighting chance. what you may not know about senator warren is in addition to her champion of bankruptcy reform is a lawyer and consumer advocate and taking on the big banks enter teaching had most recently harvard law school she is a prolific writer. i just found out this is her tenth book. she is written quite a few scholarly books. she has written several books with her daughter in this book by the way she wrote by herself i would say with an assist from her daughter but really she wrote it by yourself which is quite an accomplishment. it is as you know if you have read

war in -- warren.ost you to waste away more in margaritaville next week. the price is more than truffled -- tripled for limes. a crop disease has ravaged lime trees in mexico, forcing up prices. getsrgaritaville expensive, you might have to settle for a cheeseburger in skipise" -- paradise and the guacamole as well. i will be in las vegas to talk with sheldon adelson, the wealthiest man in the gambling industry, in an exclusive interview. be sure to stay tuned for that. there was another casino mogul in the news today. billionaire steve wynn. first-quarterat profits. stephanie ruhle joins us after her exclusive interview with wynn. are the profitos drivers. >> 73% of his revenue is coming from macau. he is building a huge property in boston, working on it. he is spending a few billion dollars. he has $3.5 billion going into a new property in asia. that is where all the dough was coming from. >> yes, it is true that we are primarily a chinese company. that is probably going to look even more so as our t

warren buffett says no way. but it would unlock billions of dollars in shareholder value and release an avalanche of dividends. things we all love in this market right now. he will make the case that some shareholders in omaha were making to warren buffett himself last week at their annual shareholders meeting. >> that will be a fascinating discussion. >>> heading into the final hour of the markets, we've just turned negative. dow is off five points after being above its previous records earlier in the day. we were up almost 100 points. the nasdaq is off .5%. that index down to 4,044. >>> let's get to the "closing bell" exchange. our blue ribbon panel today. rick, what's going on. i know why you won't know why the stock market is selling but do you think that the yields -- the skyrocketing of yields following that bad 30-year auction could be taking a toll right now? >> i think initially there's no doubt that the equity traders and all traders observed that very weak d-minus 30-year auction. if you look at the c

if you want to see a great politician at work, it was earl warren.nk god you had a governor who had actually been through the process. he assembled the 9-0. i think sheryll cashin put it well in your discussion with the panelists and that is it's a question of place, not race. we're talking about income inequality, we're talking about property inequality. that's essentially what leads to school patterns and school populations. >> i suspect they would have been surprised if we had gone back and asked what do you expect over the next 50 years, i suspect they would have thought there would have been a little more progress than we experienced. there was a supposition that once you took away some of the legal barriers the social barriers would follow more quickly than they have. this is measurable not only in schools but social interaction, when you measure how many people are having real interactions with people of different races, we've made surprising little progress, especially in the first few years after brown and the civil rights act, but in the la

your party is getting dragged left by elizabeth warren. been in office dragging the entire party to the left. >> the entire country is concerned about income you guys think income inequality isn't that big of a deal. >> to the left of elizabeth warren or bill de blasio -- >> here's the big difference. here's a very fundamental difference. the democratic party is unified behind an agenda of increasing opportunity for everybody. the republican party is finally, finally unified, as well. it's unified behind the tea party. the tea party has been fighting this war. it has won the war, because even the so-called establishment candidates are being pushed to the right. >> here's the thing. all of the policies right now of the democratic left are failing. you can't name a single function of government that's working really, really well. healthcare.gov is a disaster. >> how about the economy, shaun? >> hold on, hold on. we're at a low of labor participation. more people are choosing to stay out of the workforce than in. that is hardly -- that is at

we sat down with one of warren buffett followers.up next. ♪ >> this saturday tens of thousands of investors descend on omaha, nebraska to participate in the woodstock of capitalism. it is berkshire hathaway's shareholder meeting. bloomberg caught up with one of warren buffett's most faithful followers. >> my name is ryan morris. i am 29, managing $15 million. warren has said he lives like he year, except00 a for the private jet. before the berkshire meeting last year to pay our respects to the great church of frugality, four guys who work it has far flew andedge funds, got the cheapest rental car to drive to omaha. hotel in the crappiest have ever been in. you go to these events were they have free drink sent food. night forn to $48 a four of us in the busiest weekend in the year in omaha. old, i had this idea that i wanted to change the world through science. my father introduced this idea that even if you are the best scientists in the world, you will not make fusion happen. it is the guise of the capital who make the decisions. an