that's general warren.al warren also thought a lot of himself, and as you'll see at this campaign, often thought his plans were better than those of his superiors. the union's sixth corps will be in the hands of general sedgwick. he will be shot down by a south carolina sharpshooter at the battle of spotsylvania courthouse. the sixth corps will be beheaded by ambrose wright. horacio ambrose wright is a general that most of you probably have not heard about. and he comes to the sixth corps without much background. the union army will also have within it general ambrose burnside, who will be commanding the ninth army corps. burnside is the general who headed the army of the potomac during the battle at fredericksburg. grant is now bringing him back to join the army of the potomac. because of burnside's former position, grant decides that burnside can't serve underneath mead, and instead will report directly to grant who will coordinate him with general mead. you can see of the command confusion that's going t

warren avenue will be reopened. drivers who used to sit and wait for trains to pass will cruise right under train and bart tracks. >> i'm not singing zip-a-dee-doo-dah yet, but it's getting close. >> don isn't the only one ready for a spin on the road. the owner says opening warren will help put him back on the map. since the closure, the lunch crowd has gone from about 200 to 20. >> that would be great to open now. because so much of my business comes from that side of the freeway. >> reporter: the $45 million warren avenue project is a milestone in a massive infrastructure project. construction that will deliver bart to silicon valley. >> there is a lot of light at the end of the tunnel. and we know it's a bart train light coming as it comes down from our fremont station to the south fremont warm springs station. >> now this is a vta project. and tonight the agency tells me no ribbon cutting monday morning, just open road for drivers. reporting live in fremont, jean elle, nbc bay area news. >> thanks, jean. >>> no

but, as i guess you could say good luck would have it in the case of warren harding, he traveled westhe summer after , question started being asked about the scandal, came to wyoming, went up to alaska, became the first president to visit alaska, came down to san francisco, and then promptly and rather suddenly died in san francisco. the investigation was just heating up at that point. there were a lot of people who questioned whether or not warren harding had more direct information about the scandal than he had let on previously. albert fall was so close to him personally, and so was edwin denby, the naval secretary. will alwaystorians remain curious, i guess, as to how much did the president know and when did he know it? fall became the first cap an officer to be convicted -- cabinet officer to be convicted of a felony while serving in the u.s. cabinet. i don't mean a pun, but his fall from grace was pretty hard and pretty dramatic. he went off to federal prison. he eventually got out of federal prison and in the early years of world war ii, some 20 years after the teapot dome affa

. >>> the new share of wall street, now senator elizabeth warren takes on u.s. companies using tax inversion deals. she sits down with adam shapiro with a fox business exclusive. wait until you hear how she answers the question is everybody's mind. a presidential run in 2016? >>> rohan is the start-up master behind pop chips and fly deal, striking up deals with katy perry and tom brady. the latest hot new thing. the low calorie natural beverage newcomer. a double fox business exclusive. get ready to drink up, "countdown to the closing bell" starts right now. good afternoon, everybody. i'm liz claman, we begin with breaking news, we have just learned that t-mobile may have a new suitor. this after the collapse of the sprint deal. dish network chairman is good for a pretty interesting move in the markets. he is now hinting to the "wall street journal" he might be interested in a bid for t-mobile saying, quote, a lot has happened in the last 24 hours. we remain interested in working to enhance our overall business, and that could include looking at a number of comp

that's general warren. general warren also thought a lot of himself, and as you'll see at this campaign, often thought his plans were better than those of his superiors. the union's sixth corps will be in the hands of general sedgwick. he will be shot down by a south carolina sharpshooter at the battle of spotsylvania courthouse. the sixth corps will be beheaded by ambrose wright. horacio ambrose wright is a general that most of you probably have not heard about. and he comes to the sixth corps without much background. the union army will also have within it general ambrose burnside, who will be commanding the ninth army corps. burnside is the general who headed the army of the potomac during the battle at fredericksburg. grant is now bringing him back to join the army of the potomac. because of burnside's former position, grant decides that burnside can't serve underneath mead, and instead will report directly to grant who will coordinate him with general mead. you can see of the command confusion that's g

that's general warren.en also thought a lot of himself, and as you'll see at this campaign, often thought his plans were better than those of his superiors. the union's sixth corps will be in the hands of general sedgwick. he will be shot down by a south carolina sharpshooter at the battle of spotsylvania courthouse. the sixth corps will be beheaded by ambrose wright. horacio ambrose wright is a general that most of you probably have not heard about. and he comes to the sixth corps without much background. the union army will also have within it general ambrose burnside, who will be commanding the ninth army corps. burnside is the general who headed the army of the potomac during the battle at fredericksburg. grant is now bringing him back to join the army of the potomac. because of burnside's former position, grant decides that burnside can't serve underneath mead, and instead will report directly to grant who will coordinate him with general mead. you can see of the command confusion that's going to take

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what is next move for warren buffett?about this and whether the company can concede when the "oracle of omaha" is not there to run it. >>> people line up at the world's fair of money to get their hands on the brand new u.s. half dollars. coming up jeff flock is live from where that is happening. he will show it to you. stay tuned. you've reached the age where you've learned a thing or two. this is the age of knowing what you're made of. so why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain... it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking a

warren weinstein's family will join us in moments.n allowed me to start investing for my retirement. transamerica made it easy. [ female announcer ] everyone has a moment when tomorrow becomes real. transamerica. transform tomorrow. >>> thee years ago tonight, warren weinstein, a 70-year-old economic development specialist was kidnapped by al qaeda operatives in pakistan. warren's wife and daughters have heard nothing about hiss status since december. joining us now are his wife elaine weinstein and daughters alisa and jennifer. ladies, we're happy to have you here with us tonight. >> thank you for having us. >> elaine, let me start with you. al qaeda issued a message to you and your family today. let me read it. here is what they say. your continued silence on the inaction of your government will only lead to your prisoner dying a lonely death in prison after this deliberate and prolonged neglect on the part of your government. therefore if you want warren weinstein to be released, do whatever you can to pressure your government. ela

what warren and cada, quite a bit of people use caddo and warren as a connecter. that wasn't possible up until this weekend actually. the closure has hurt a lot of people including business owners who say they had a lot of people cut off. the road here on warren avenue goes down underneath bart track. this will be bart's access through fremont. the valley transportation authority held a soft opening of one lane in each direction saturday night. for 14 months, drivers had to rely on mission boulevard to get between 680. the bart extension will connect south fremont to the stations. the closure has led to traffic gridlock which the mayor of fremont had to deal with himself. >> i ended up going probably about ten times further than i used to go around to get there. with warren there, you cut it off. >> reporter: and the city is paying for part of the project. that's supposed to enhance safety, helping not just drivers, but bicyclists and pedestrians who can avoid the trains when they are here. this is of course part of the silicon valley project set to build a 16 mil

it's a name that warren buffet is right up his alley. >> it's old school. a business you can understand so easily. >> i like it with jim. i've owned it. in and out. it's, when we talk about buying something when the news is really baaed. >> and not caring about tomorrow. >> what about the position in conoco. >> he's also been in exxon mobile. he's been in this whole energy space. it's interesting given what oil is doing. again, with conoco philips, you are betting a lot on the u.s. crude, i'm not sure i want to be in it for the shorter term trades, again this could be warren buffet or the leiutenants getting interest, it's a much warmer time frame. >> did he reduce conoco? >> i thought he got it. >> is that correct? did i read it right? i thought he reduced it 10 million shares to a million-and-a-half shares. he did decrease. that's interesting, that's warren buffet the trader. here's a stock floundering after a psx senoff. did nothing, it subsequently rallied to get to where. >> should warren buffet be a trader? >> that is a trade, in the way i look at i.

warren buffett say you invested like a girl.warren, the third richest man in the world to investing like a female? >> looking at studies now go back well over a decade, again they just show the way women approach investing, longer term point of view. they're approaching it as actual investing, not as trading. buying shares in companies they know and they understand, with management that they trust and holding on to them forever. one of our favorite buffett quotes, all of us buffett fans is his favorite holding period is forever. you see that more with female investors. >> trades out sometimes. johnson & johnson is perfect example. he held it for a long type. when he starred to sell some of it, i asked him why. it is not that i don't like it but i like other things better and i wanted to raise cash to buy other things. in the end you're absolutely right holeds for the long term. he also doesn't panic. he stays very calm. we asked him about general motors and holdings there with all the troubles for the recalls. i'm not concerned.

colin warren wants a new dryer. we don't need a new dryer. colleen warren wants to waste our money.hat could be spent on a new security system for t home. colleen warren wants terrorists to invade our home. i hope you like your new dryer, kol l colleen warren. >> what do you do at home to relax? >> i like watching sports. that's what i do. i watch sports on tv because i'm a guy and that's what guys do. i really don't watch anything else except -- that's the reason i have a tv. to watch sports. i don't watch, you know, american lost your idol. let's make a deal with some 8-year-old who can't sing. i don't know. i watch sports on tv. that's what i -- i'm a guy. i belch i fart, i scratch myself, i smoke cigars i drink beer and i watch sports on tv. and i can do all of those simultaneously. i have actually enough to change the channel without touching the tv. >> when i go home, sunglasses get larger. i don't know what's .hag, but i told them look, when your sunglasses are bigger than the windshield, you can't drive anymore. did you have them welded? sun glasses are literally -- i mean,

>> and not only that, but warren buffett aided and abetted the attacks on mitt romney, and being part the outside part of the obama administration, surrogate for obama in the 2012 campaigns, because mitt romney ran a private equity firm, and look at what he is doing here. >> and look at the argument of the higher taxes, hurt small businesses. i mean, the business doing three or four or 500,000 a year, and warren buffett getting behind president obama was willing to destroy those guys. >> and also, adam lashinsky would be putting it on the cover and the headline would be "hypocrisy." >> and you can't ignore it here. burger king and smurger king. this is not critical to the health and wealth of the united states of america. >> oh, yes, it is. >> and it makes the health critical. >> but applied materials is, and that is a combination that is to a lesser -- >> and you say that for the alfalfa conglomerates and then you would be singing a different tune, skinny. but ben stein, i think this is going to go through a lot of reasons that you go because it is not walgreens which is runaway and

trey, any final words or questions for warren? >> well, i think your advice is really good. if you liked it then, you're going to love it now and dow is down and i think it's a good time to reup position. >> trey, we would like you to come to the brooke shire ma meeting. i would like to meet you. >> we would like to make that happen. >> trey is feeling well. he had the last chemo treatment a month ago and next for him, classes at the community college in california, may be cal berkeley and goldman promised to make another wish come true coming to that powoow and meeting with warren buffet. >> he was a great fellow. >> we wish him the best of luck. >> he had a hard way up and battling his illness effectively. >> and feeling good. >> thank you, mr. buffet. appreciate that. >> we do. >>> i'm sue herrera in for susie gharib. thanks for joining us. >> i'm tyler mathisen. thanks from me, as well v. a great night, everybody. we'll see you tomorrow night. . great night, everybody. we'll see you tomorrow night. ev. a great bo. a great night, . we'll see a great n narrator: explore ne

interesting that warren buffett has taken a stake in it. that speaks to the opportunity that he sees. >> did you see any metrics in terms of pricing that struck you? >> i haven't looked at the deal yet. enough to know that it doesn't make sense or not. but you know, they've got a lot of great minds there. >> we just had a report from jane wells about corn prices going down. are input costs easing for you? and this would be a good time for that to happen for you, too. >> you know, we really enjoyed low wing prices this year as compared particularly to last year. so our cost of sales is some of the lowest that we've seen in a long time. certainly there's the pressure on beef and pork. it's not a huge amount of our menu. but we've seen some commodity declines as well. soy oil certainly the imput for chicken feed, and so we expect pretty moderate pricing over the next year. >> sally, you do a lot of advertising, and we all remember a lot of great -- you have a good agency, i don't know who it is. >> thank you. >> they're good. but what percenta

was warren buffett talking about perm income taxes and not necessarily about taxing corporations?n. has he ever come out on -- you know, i will say this. warren buffett has always talked about personal income taxes and taxes in general as being, as not being a determine in a minute to whether someone does an investment or not. and, you know, so he has addressed the broad issue. he's talked about raising the capital gains tax rate which, as you know, is the tax -- it's a lower rate than on personal -- adam: 15. >> it's at 15% or handgun like that. -- or something like that. this just proves that taxes do matter, you know? >> yeah, absolutely. and, you know, it proves him to be wrong. >> all right. charlie gasparino, this issue's going to be heating up, and i though you wish ken underwood the best. >> actually, i wish ken underwood die. [laughter] adam: no. >> die! i want him to die! adam: oh, please. [laughter] the closing bell rings in roughly 40 minutes. >>> the showdown between ukraine and russia is escalating, and the teptions are increasing. next we're going to find out what t

if i had today i'd kiss and fondle you into my arms and hold you there until you said, warren, oh warreninterdictions of blessed joy. i love you more than all the world and have no hope of reward on earth or hereafter. so precious is that in your dear arms and your thrilling lips and your matchless breasts and your incomparable embrace. really got my boy raked, huh? [ cheers and applause ] >> jimmy: that was beautiful. thank you so much. warren g. coming up, eric mccormack. we'll be right back with rosario dawson! [ cheers and applause ] it takes place in anhaha, cleveland... i love it babe. i'm not your babe. you weren't saying that this morning, when you're like... mmmmm mmmm mmm alright we're done. break up with lingering food. (ding!) mmmmm mmmm for that just brushed clean feeling... ♪ eat, drink, chew orbit olive garden's buy one, take one, starting at just $12.99. it's back, but not for long. enjoy dinner tonight and take home a second entrÉe for later. choose from a variety of amazing entrees. like new creamy citrus chicken, then choose a second favorite to take home. buy one, tak

warren buffett. move comes one month after president obama called such inversion tactics like this unpatriotic. >> a small but growing group of big corporations are fleeing the country to get out of paying taxes. a loophole in our tax law makes this totally legal. i think that's totally wrong. i proposed closing this unpatriotic tax loophole for good. >> eric, so he says they're unpatriotic. warren buffett making money off of an inversion when he said in the past, recently on other cable channels he thinks inversions are crazy. >> warren buffett finally saw the light because warren buffett is in the business of making money. they're not -- tax inversions are not unpatriotic, they're not loopholes. it's what countries and people do. you find the place where you're going to keep more of your own money. it's logical. the problem is democrats think if the corporations don't pay higher taxes, they're going to have to make it up somehow by taxing the individuals more. that's knotnot the case. you can expan

with warren there you cut it off. some relief arrives on monday. warren avenue will be reopened. the drivers will cruise right under train and bart traps. >> i'm not singing zippity-do-da yet, but it's close. >> it's been really devastating. the owner says opening warren will help put him on the map. he says since the closure the lunch crowd has gone from 200 to 20. >> that would be great. so much of my business comes from that side of the freeway. >> the $45 million warren avenue project is a milestone in a massive infrastructure project. construction that will deliver bart to silicon valley. >> there's a lot of light at the end of the tunnel. >> we are starting out your day a little bit on the cooler side right now. but what does mother nature have in store? >> and it's foggy. this is one of the mornings you want to sleep in another hour. the beautiful thing is we get the fog in the morning hours. and then we get the sunshine. right now we're seeing the clouds from the south bay to the north bay, including san francisco, all the way to the tri valley. this is what we're looking

after 14 months, warren avenue will reopen. commuters can use this as an alternative to mission boulevard to get between 680 and 880. stephanie chuang is live. steph, a lot of people have been counting down to this day, drivers and business owners as well. >> reporter: that's right, scott. the closures here meant cutting off access to businesses and restaurants. now, on this side there's construction still going on. minor asphalt upgrade. but the real story is on this side where you see warren avenue goes below two bridges. as well as for the existing railroad track. this also marks a milestone for the project that could take b.a.r.t. riders from fremont to the south bay. >> i mean, you see even at 4:00, 5:00, sometimes at 8:00 in the morning, too, a huge line. >> this denny's, this area grew to become a traffic nightmare. for general manager, business dropped with local office workers telling him they just couldn't make it here and back given their 30 to 60-minute lunch break. >> sometimes they don't want to be stuck in traffi

i am hoge warren and i am happy to happy to welcome you to this event. we are insider's view on the failed past and the road to peace" and. sain sain he is here to talk about iran's program and the conflicted relationship with the united states and his own close personal association over the years with the two principles on the iranian side in the current nuclear negotiations. this makes him a perfect quest for ipi tonight because this is a -- guest -- because this is a tantling time for the united states and iran. the two countries have been sworn enemies for the last 35 years but as many people have pointed out they are also two countries that have much in common, tremendous influence, and parallel interest despite their profound differences. the current round of talks between the that should happen one can imagine a situation where the u.s.-iran cease being enemies and become rivals who maybe to cooperate on issues where there is a common issues. the u.s. and china and russia are call in issues. that is why i used the word tantalizing at the offset. t

what have you learned is studying warren buffett? >> many things.interested in investing certainly will turn to warren buffett. it is about what you are investing in, who you are investing in. he is like to say if you were born in bangladesh, i would not have worked out. it was happenstance for the u.s.. of as a was not thought society. he looks quite brilliant by doing that. of active because investing. an investor is under study for his brilliance. warren buffett has been well-documented. this is different. this is interesting. it has gotten more complicated and complex. is about the management rather than the stock picking. the two most important bowers baked into all of these companies is permanence and autonomy. if it was the only asset, they are family-owned. sold are has never subsidiary they do not own. that is a sense of permanence that you don't often see. you think the investment strategy would be different if warren buffett were 50? used to buy more common stocks. he would be happy to own small pieces of large companies and sell them. >>

warren buffett condones warren buffett getting a good deal. >> nowhere in the corporate -- >> we goto go. >> pay as high taxes as possible. inversions are fine. >> we got to go. sara, thanks. >> thank you. >>> stocks in negative territory this year. makers agriculture equipment suffering from a slowdown. is machinery in for a breakdown? jane wells live from boone, iowa with that story. hey there, jane. >> reporter: hey, scott. a lot of kicking tires. a good run for american farmers. this year incomes fall as grain prices get to levels we haven't seen in years. oh, dear. so equipment makers are preparing for a slowdown in sales. deere laying off over 1,000 in manufacturing. workers, rolling out where i am now, fewer hardware products and nor software products to help farmers manage and grabbing market share. look how the stocks performed. one of those years. one sales rep told me off camera the worse is yet to course and investors responded accordingly. >> i wouldn't call that a what's going on now in the agriculture industry anything like a catastrophic downturn. it's a mild downturn

you have hillary and you mentioned warren earlier. but where are the others? and there is hardly any options to vp for the democrats. >> guest: there is no question the democratic bench is shorter than the republican and whether that is fe good or bad we will see. there is a thinking sometimes it is good for candidates to be tested in a tough primary and hillary might be damaged by not being tested by tough competition. andrew como's name. martin o'mally and bernie sanders and elizabeth warren probably isn't going to run but people would be excited. there are other people out there circulating around hillary it is just hard to see them mounting, assuming hillary wants to run and i am aassuming she does, it is hard to see a challenge. >> host: connecticut, on the republican line, tom go ahead. >> caller: i will enjoy seeing hillary secure the nomination and i am backing chris christie of new jersey and i cannot wait to see the debate. >> host: we have not talked about chris christy. >> guest: he was damaged but i don't think anybody thinks he is out of it. he i

the naval secretary, also a poker playing buddy of warren harding, a fellow by the name of edwin denby, was somehow coax theconvinced to transfer authority over the naval petroleum reserves, the three reserves, to the interior department. very handily, albert fall had a plan. he was later convicted of accepting bribes from a couple of oilmen for allowing them exclusive access to these naval petroleum reserves. andas done under the table the evidence at albert fall trial indicated that he had received substantial amounts of cash from harry sinclair and from edward o haney in exchange for allowing them this exclusive right to drill in an area that was essentially set aside for drilling. it was not to be drilled on. what the essence doing interior department was specifically banned from doing. that is leasing out those oil fields to anybody and even worse , if they were to be leased out, they should have been leased out on a competitive basis. there's a man named wesley miller who is an independent oilman down in cheyenne. leslie miller started hearing all these rumors from his friends up

>> you feel more inclined about elizabeth warren for president of the united states? >> i think she's a talented and imaginative officer in the senate. i do not think she should be president because i don't think her approach to the economy would work. >> what are your reflections on the issue of this segment? >> my own feeling is what you are seeing is a reflection that falls frankly on this generation of the millennials of a weak even on me that's been going on for a long time and look like it will continue. that is what limits economic future of the generation particularly when they're going into the labor force for the first time. that's really a critical issue. >> the reach of that situation is more far reaching so to speak. >> yes. >> they're just starting out. one start will be a weaker start than my generation and your generation. >> they're resilient and smart. >> predictions. >> economy flat, eu economy flat, japan is contracting, consumer sales flat. we are headed into a recession. >> no pat, no recession, forget that. >> is that a prediction? quickly. >> i

warren buff be fete is helping burger king leave america. yes, the man who wants rich people to pay more in tax is helping an american company flee those taxes. yes. president obama's biggest corporate supporter appears to have jumped ship on the corporate story. burger king buys canada's tim or hourtops and moves to canada. buffett helps push bk over that border. remember, please, president obama calls these companies corporate deserters. he says they're unpatriotic. democrat senator sherrod brown calls for a bk boycott. there are the deal is done. bk has left for canada's lower taxes. when warren buffett helps 'em go, you know the president's in trouble. ♪ ♪ ♪ ♪ stuart: it's official, the deal can has been done, and both stocks -- burger king and tim hortons -- well, burger king was up on the news, now it's down a fraction, hortons going up six points higher, and karl rove is here. >> thanks for having me. stuart: you heard my opening there. i think that this is a challenge, a challenge from warren buffett to president obama. because he's

i would prepare warren to stop here and go to the questions. [applause] >> i am going to ask a couple questions of my own and then we will go to the floor. hussein, you mentioned saudi arabia and the need to include them. i want to ask you about something that is current right now. as we know the foreign minister of iran at one point proposed going to the gulf states to present a case that is not poplar in the gulf states. i think we wanted to go and there was no invitation forthcoming. i think that changing and one is hearing there is a chance there might be a meeting between saudi arabia and iran. can you report where that stands? the saudi arabians opposition to the middle east a struggle between saudi arabia and sunni on one end and iran and the shiites on the other end. how does that stand? >> i don't know whether we have any change because still there is no official invitation for the minister to visit the area. >> i was going to say in the book also hassan tells a fascinating story of when why was chosen to go to saudi arabia and i think

it is coming from warren buffett. could it have come from another source? a bridge loan idea and then take out the bridge loan with a rights offering? not this -- not the kind of itng typically done, but could have been highly favorable to minority she -- minority shareholders. know the terms of the preferred equity yet, but when his last time you saw buffett when the termsl were not fair to him? >> the first thing i thought of when i heard warren buffett was getting involved is that he was basically on board with the tax play. it is the board's duty to try to get the best possible deal for its shareholders. you have got to argue the case when a company makes a tax in version move. what some people are saying is warren buffett, the man who has made a case that every american has a duty to pay taxes in the context of mitt romney and his 14% tax rate, what is he that wouldng a deal take tax revenue out of the hands of the irs? it is going to revenue canada, not the irs. it is not as if burger king is not going to pay taxes in america. of course it will. but a

>> first of all, warren, tell me what is the change in israelis d position durings?adinejad af rouhani. the israeli position hasor remained the same. den therefore, it doesn't matter ifr someone in iran denies holocaut or condemned holocaust.ir it is just some instrument to use and play against iran in international public opinion to play with the image of iran. otherwise, just tell me any changes in netanyahu's position when they congrated jews for their new year. they powerfully condemned the a holocaust. israeli position isan the same. therefore, i don't believe a change in iranian position would matter. this is the fact, i mean. you can compare. one. second, the problem with the recognition of israel, i really do know -- i'm very surprised in the u.s. why everybody is talking about iran not recognizing israel. 90% of muslim countries, they do not recognize israel. major overwhelming majority of u.s. st allies, they do not recognize israel, like saudi arabia. why you are talking only about iran? if you can convince the u.s. ia. allies to recognize israel, thea com

warren buffett known about these businesses for a very long time.ost profound thing is how much he has been willing to release the reins, which gets back to noah's point about success or ship. companiesvest in warren buffett would not have invested in, and now we see it in the portfolio and size. noahes anyone talk to you, , about the vulnerabilities in this portfolio? >> i do not know. that is probably a better question for tom. wanting to note, we only know in broad strokes out ted wechsler and todd combs are doing. warren buffett till this day be the s&p 500 by double digits, but we do not know in a granular detail how they have been doing since they came on a couple of years ago. i think -- tom, you jump in -- what would be the one vulnerability or piece of worry you would have on the buffet portfolio? i am not soolio worried about. there are some exposures that have to do with regulation. in the portfolio companies, a wholly-owned, we have utility, rail, and other businesses, and they all really depend on having a thoughtful, sensible regulator

warren cuts it off. >> the traffic has been unreal. i mean mission boulevard here is like a parking lot with a go slow sign. >> reporter: so great news for drivers. now for everyone wanting to hop on to a fremont to south bay train. progress means instead of 2018 the extension set opening by late 2017 is still on track. the city of fremont subpoena paying for part of the project. that's supposed to enhance safety, not just drivers, but bicyclists and pedestrians who can avoid the train. construction which includes white and mission bld is set to finish next spring, and speaking of that construction, back here live, you can see there are some crews out and about here another warren and catto the work not done here. the warm springs bart station is set to open at the end of next year. again very good progress. now coming up in about 45 minutes for my next live report. you might not think this closure impacted business too much, but it actually did quite a bit. you can hear just how much coming up next. live in south fremont, stephanie ch

burger. >> there may not have been a war in burger -- warren burger. nixon had won in oregon. democratic party battling between mccarthy and kennedy. what happens is we get to wind in late june of 1968, that ear l warren is about to resign and indeed he did resign as chief justice, contingent upon the confirmation of his successor. lyndon johnson immediately named his crony to be chief justice. you will see on the back of that book is a picture of me and nixon at the airport discussing this before nixon held a press conference at laguardia. where he said, before we got word, they should hold off naming someone -- he said, he indicated he should name someone else. but it wasn't a fait accompli. bob griffin, the senator from michigan, took up the cudgels and opposed fortis, and suddenly howard baker got out and said -- fifteen senators with nothing against fortis but we are not going to let the chief justice be appointed by the next president. that next president should appoint him. i was working with the lot of with ath a loss of -- lot of offices, but

listen, i will say this about warren buffett. people they know say he's a nice guy, obviously a great investor. i'm sure he has the best interests of this country at heart. on tax policy he's a bit of a hypocrite. i don't care how much you cut this. if you sit there and you are trotted out by the most class warfare president we've had in many years with plans to equalize the tax rate, the rich are getting too rich and you get all your income through capital gains and investment gains, tax at a lower rate. you made all your money, you made your billions, and then go out and attack the tax system and you do something like this. that to me explains at very least, if you're being generous, a little too cute, if you really want to call them as you see him, he's a hypocrite. adam: let's show the video of the burger king ad, i love the ads from the 70s. have the it your way ad. here's my question, at the end of the day, burger king is protecting the taxes it will earn in theuture overseas from being taxed in the united states. they're s

elizabeth warren said the government was making a lot of money. want to throw president obama under the bus. he is milking the heck out of them. >> at the same time demonizing the private sector. does not make any sense. i agree, the private sector, the bank. if the government is in the business of milking students they're doing it right now. just be honest. we're going to take money from you. >> you would rather have the banks tell your son and daughters with taken major in? >> absolutely. >> methodology, maybe there will listen to the bank. >> your the one advocating liberal arts major. >> the problem is with all of this, a free money. so go get a degree in finance. minor. charles: if we did get the private sector back into it the methodology degree would not cost 40 grand. so soon. that would be 18,000. would be reasonable. at this point it is not. >> everyone is saying this is the next bubble. vanguard is coming out with a study. while is testament make a huge societal impact it is not the next bubble of all. >> mortgage debt in 2007 was 62 pe

warren buffet condones warren buffet getting a good deal. we don't know the terms, have yet to find out, but you assume they are good terms. >> uniquely canadian company, and there are deals that are cross border deals, not every deal is driven by taxes, but we talk about it because you have a view on taxes, and the president might get involved, and jack lew has a view, and taxes are interesting because we pay them. i'm interested about the fundamentals of the combined company and the idea that you blow out tim horton's worldwide, why not blown out already? starbucks figured out how to blow it out, dunkin has nol, and krispy kreme tried. they are concepts. hedge funds trying to make profit. burger king stock is okay, under priced from the beginning because people didn't understand the deal, but i want growth. i want growth. now, cellgene gives me growth. i do not get growth from burger king. >> if you're mcdonalds, you're not shaking? >> everyone waits for a transaction, a financial engineering to get out of the rut. >> that's what people ca

warren berger was appointed chief justice, i gave the press some of his thoughts. the only thing they had when this announcement broke was this. i sent that into nexen and he was impressed, but i also wasrstand later that berger at the 1948 convention. nixon might have seen him there man.se nixon was a doing -- dewey man. he was no bob taft conservative. man?s berger a taft [laughter] >> one of the great achievements in my life is the staff of the 1992 primary. >> the story i want you to tell is the important story -- there may not have been a warren berger. 1968, in, in june of nixon had one or gone -- won or egon. democratic party battling between mccarthy and kennedy. windhappens is we get to in late june of 1968, that ear warren is about to resign and indeed he did resign as chief justice, contingent upon the confirmation of his successor. named johnson immediately justice. to be chief you will see on the back of that book is a picture of me and nixon at the airport discussing this before nixon held a press conference at laguardia. before we got word, they shou

i mean, we hear, listen, warren buffett is great investor. i know people know him say he is nice guy. this is pure liberal hypocrisy. why is it okay for him to escape and rest of us get screwed with higher taxes? dierdre: he is more famous than he is. >> has money and job to put it to work and earn good return on money. that is pretty basic him. people pay warren buffett higher rates than for financing because they like his name attached to deals. it lends credibility. >> there is political. >> tax savings less than meets eye here. even though we have some of the highest statutory corporate tax rates in america, i agree something needs to be done by the corporate tax code, the rate companies pay is much lower. >> that is correct. pretty similar to -- dierdre: you're defending corporate tax rate in this country, jack. >>? >> no i'm saying change with lower tax rate with companies paying the rate -- dierdre: lower tax rate will happen when pigs fly. >> point, studies done by gao. jack is right, effective tax rate by most companies with assets o