those would be my two questions to warren buffett. >> warren?ight. >> i think somebody like lebron and we've talked about it but i think -- >> you and lebron have talked about it? >> occasionally. i think actually through the rest of his career and beyond in terms of earning power, just making monthly investments in the low cost index fund makes a lot of sense. i think somebody's position ought to have a significant cash reserve. whatever makes him comfortable. and then beyond that owning a piece of america, a diversified piece bought over time held for 30 or 40 years, it's bound to do well. and the income will go up over the years. and there's really nothing to worry about. >> you think he's listened to you on that? >> you'd have to ask him. >> his second question? >> people toend get proend to get promoted. usually the simpest is the best. >> what does that mean? >> something like owning the united states at a decent average price over time. you really can't go wrong with that. now, somebody else will end up doing better with this or that but

warren: they were a perfect partnership. i have seen three or four partnerships and business that really stand out from the rest. certainly, when roberto and don combine their strengths, it was a case of 2 plus 2 equaling a lot more than four. neither would have achieved the success they did without the other. don was indispensable through roberto. i watched that for many years. let me tell you one story that i feel i/o it to don to tell -- that i feel i owe it to don to tell us. we were in sun valley one time playing a golf match and we really wanted to beat these young guys. we were three down and i forget whether it was the fifth or sixth hole. we got to this par 3 and i said, the only way we turned the tide is if you knock this in and he hit a hole in the and totally destroyed these kids. donna never told that story but you can confirm it with clark and alan. charlie: there is also the story you told me about discovering your investment and coca-cola. somehow, roberto may have asked don who was buying the stock. he said,

anna, tell us your case for elizabeth warren running. >> so this moment was made for elizabeth warren. i think we all know that. we know that economic inequality is surging, it's at the worst levels in decades. and she has made her life's work speaking out for the little guy. standing up to wall street banks, to billionaires and fighting for their regular american right to get by, to make a decent life for themselves. our message is simple. we need her track record in the presidency. it's a powerful message. she'd be a formidable candidate. because she could win in the democratic primary and because she could win in the general election, and because if she doesn't win, we will not have the feisty, real deep debate that we need about where our country is heading and the policies that we need to embrace, especially when it comes to economic inequality and entrenched corporate interests. that's the case. and i think the boston globe's op ed made the point over the weekend, the fact that the biggest paper in senator warren's home state came out in that way and the substance of the case ar

warren: the people owned the brand. taking it away from them, they found out how important the brand was to people. just like that woman. don was in touch with people. they may have made a mistake temporarily but he could feel what people were feeling. he did not have to put it into words. he had the ability to just connect with you in all ways. that book he wrote --we have a group that met every two years since 1968. tom murphy and bill gates was in it. don was in it and every time we met, the group wanted to hear don speak so i kind of wanted to rotate thanks but they did not want me to. -- things but he did they did not want me to. we suggested, you have to put this in a book. the world is better for it. charlie: herbert allen and i were talking about that earlier today. he said to me don combines the best values of a great teacher and listener. he never held a long meeting always leaving with you wanting more. yet the combination of needing to be needed but ever needing to be recognized. i heard the speech at sun va

elizabeth warren has an easier time of doing this. does this hurt or help elizabeth warren? >> it only helps elizabeth warren in a primary if she runs in a primary. elizabeth warren says she will not run for president. this narrative will hurt hillary clinton should warren run. but just because this is happening doesn't mean elizabeth warren is the only beneficiary. it does not make elizabeth warren's nomination. it will be a totally different ballgame so elizabeth warren is not the standard-bearer of the party just yet. >> thank you michael shure. any nuclear agreement being negotiated between iran and world powers could be overturned if their party wins the white house in 2016. in an open letter addressed to iranian leaders they say that absent congressional approval the proposed deal would be merely an agreement with president obama and could be reversed by his successor. for more we have this report from exerl halkett kimberly halkett in washington. >> an effort made more challenging because of actions by top members of the united states congress. >> we cannot allow them

elizabeth warren would be a strong candidate. she could win this this moment was made for elizabeth warren. the globe told us today what they have just done with this -- again, sort of editorial onslaugt. they told us it should not be mistaken as an endorsement of elizabeth warren for president. this is not a presidential endorse but they are endorsing the primary process. they want democrats to have a primary. they think elizabeth warren would give her the best one. they are not saying they want elizabeth warren to run for the presidency because they necessarily want her to win the presidency. they want her to run because her running would be good for the country and specifically good for the democratic party. basically they are saying that her being in the race would pull the democratic party to the least, or the issues of middle-class economics and the superfieing levels of incoming inequality we have that have been getting so much worse so fast even as the economy starts to get better. even if she couldn't win, at least her i

it's warren versus warren ding ding ding.warren buffett went after progressive superstar senator elizabeth warren. >> what do you make of elizabeth warren? >> i think she would do better if she was less angry and demonize less. i believe in hate the sin, love the sinner. there is kearns that don't have 100% meyer style, but i think it's a mistake to get angry with people that disagree with you. >> alona, i called it passion, he calls it angry. your reaction? >> warren buffett's comments make me angry. if there's a bit of sexism because if a woman what happens to say strong things suddenly it's seen as angry, not to mention why are we so this is why, do you remember when president obama called they fat cat bankers and weight got upset and the feelings got hurt and the president was never able again to tread that line. >> they couldn't enjoy foreclosing on families for a whole week after that. >> alyona is nicer than i. i am a whole lot angry. i think there's a december standard here at play. whenever a woman express it is a vi

i'll leave it to warren buffett. problem taking care of my money, much less warren's money. >> you were with fox business just a few months ago saying you liked russia as an investment. that was a classic buy low, when the fear and the herd is running away from a country. i got that. now we had the murder of the protest candidate boris nemtsov which looked horrible. there are poisonings going on. murders. so much upheaval. surely you're not interested in russian investments, are you? >> no, i still own my russian investments. i bought more since i saw you last. i don't know who you murdered the guy. i didn't do it. i wasn't there. but i don't know who did it. i'm interested in -- liz, some of my stocks are making all-time highs in russia. i own shares of the russia moscow shares. all-time high. i own a big fertilizer company. making all-time highs. not all doom and gloom. if you buy when there is panic in the streets, you sometimes make money. liz: jim, those are exactly the names that you gave our viewers a couple m

the other is gouverneur warren. unfortunately, for gouverneur warren, he finds himself being a democrat in a republican army, and you can only imagine what he and winfield scott hancock go through in election year when a republican wins. not a good place to be as an officer in the army, especially when your commanding officer general grant, is a republican. that being said, warren tends to not want to follow orders as grant gives them. he wants to interpret orders and to the benefit of his men, only do what he thinks is going to preserve his fifth core. that is not how grant wages for -- warfare, and certainly not how sheridan wages warfare. when the fit core is sent, sheridan inches -- instantly balks knowing these are some of his men. when sheridan is told he has to use the fit core as his support, led by general warren, that order is a semi-followed up by general grant with if you have any problems with the corps commander, leave him with one of the division commanders, which you can say pretty much puts the writ

(laughter) >> rose: remember that warren? >> i remember very well because i worked out of my house for about six years, a little sewing room off the bedroom. every morning when don would go off to sell coffee, his oldest daughter kathy would come over and we had a jungle gym with the slides and swings and the last thing he would see me when going to work is me pushing kathy or her pushing me. that made him a little leery to give me the $10,000, but when he came over later he asked if he could give it to me retroactively (laughter) >> rose: did you ever remind him how much snifts. >> he seemed to do pretty well himself. also interesting that two guys living across from each other, both living in houses about $30,000, he ends up being president of coca-cola and we ended up buying a lot of stock in it. >> rose: and we have the c.e.o. to talk about that. you said three words to describe him -- everybody loved him. >> that's absolutely true. how many people 88 can you make that statement about? but everybody did love him. it was i

clinton, we should have elizabeth warren.beth warren and hillary clinton? >> warren is really only an underdog because people don't know as much about her. but she has an incredible story, an incredible message that we've seen really resonate deeply with voters across the country and in places like iowa and new hampshire. she has been a fighter and a champion for working folks, for the middle class. she's done some consumer -- all this. >> i don't mean to interrupt you, but those are the sort of things that hillary clinton would say to describe herself, that hillary clinton supporters would talk that way about her. she's a fighter for the working class, a champion of the underdog, those sorts of things. so what does elizabeth warren bring to the table in real terms that hillary clinton doesn't? >> sure. well, i think part of it is just what we've seen in terms of the momentum and the interest and the excitement. warren really needs this moment we're at people have been thinking about skyrocketing income inequality the way the

it has to be weird if you're elizabeth warren, right? a whole section of your hometown paper trying to persuade you to run when you don't want to. it is also an interesting argument happening right now in massachusetts. an interesting argument that whether or not you can win, there might be value, great value, just in you running. just by running. if you run well, in the right race, at the right time, even if you don't win you could change the direction and commitments of one of the two major political parties in the country. which brings us to this guy. with big fanfare, today texas senator ted cruz launched what i believe is his dam pain for vice president of the united states. technically what he said today is that he is running for president of the united states, but -- at least nobody who is handicapping the 2016 race at this point seems to think there is any credible threat of that happening. i don't bet, i'm terrible at gambling. if i had to bet money on the 2016 race, i think elizabeth warren has a better chance than ted cruz is,

>> elizabeth warren.she's the only one who's seen as caring about the average american. >> you know you're a republican, so people might be confused. >> so ted cruz is jumping in in what looks like the head of an exploratory committee, that's odd, but does it work? >> he's doing because he needs to. we're in a situation now where the two front runners are ben carson and scott walker, not getting much support, so he's got to jump in and try to jump-start his campaign. but john was talking about the largest problem republican voters are angry, they don't really like any of the candidates that are running and carson, and walker and to a lesser extent rubio represent basically sort of fall back positions for people who projected candidates like jeb bush, who are engendering great support from donors very little support at the grass roots level. but harris we can't underestimate the extent to which the american people are angry with both parties and the lack of leadership in washington. >> do you think it's ok

but clearly they have an eye senator warren. warren's office did not return calls or emails for comments. >> full story, foxbusiness.com. thank you very much. closing bell will ring. thirty-one minutes to go. we're waiting, by the way, for some headlines of a speech by fed chair janet yellen. we'll have a live report with those headlines. you want to stay with us and hear what she has to say. also, shares of gamestop under pressure after the company posted disappointing sales for the critical holiday season. they have a new strategy to reboot the video game field. paul raines will tell us exactly what that strategy is. that's a fox business exclusive. also, i want to show you -- if we can, a live picture, maybe not. oh, i don't have it yet. anyway i'm kind of geeking out about the nasa launch. after a quick break, i'll probably give you pictures. so stand by. ♪ ♪ time for our "countdown" news. the pilot who crashed the plane got a sick note showing he suffered a health condition that would have prevented him from flying the day

team clinton and team warren will be here to debate that. men approached the gates and after the men failed to obey an agency police officers instructions to exist that area, the barriers were raised, the car turned, accelerated towards an nsa vehicle, and the officers fired at the vehicle before it struck their police car. one of the suspects in that car was killed but the nsa is saying the cause of death has not yet officially been determined. one nsa officers also sustained minor injuries. the car was reported stolely an drugs and weapons were in that vehicle. the fbi is leading an investigation there, there is no early indication that this was a terrorist event, it was being treated, so far, as a local criminal matter. we'll continue to follow any developments in the story and keep you posted. heroes charge! ♪ ♪ (explosion) ♪ hah! (explosion) ♪ lead your heroes in the hit mobile game download heroes charge now! >>> hillary clinton is not the candidate to take on those powerful special interests? >> i don't know, i don't know where she st

>> where is elizabeth warren on police reform on ferguson?y it's great to have a primary debate and find out where the candidates stand on the issue and have the opportunity to push and pressure people to be -- >> they call it primary. >> that's why we have them. >>> next cyber bullying. 13-year-old baseball star mo'ne davis, is the latest victim of an online attack. on friday a college baseball player tweeted a sexual slur about mo'ne writing "disney is making a movie about mo'ne davis. what a joke. that blank got rocked by nevada." the public outrage over the tweet was overwhelming and even though the player apologized, he was still kicked off his college team. but today, mo'ne asked his school to put him back on the team. >> everyone makes mistakes and everyone deserves a second chance, and, i mean it's not -- i mean i know he didn't mean it in that type of way, and i know a lot of people get tired of me like seeing me on tv. i know right now he's really hurt and i know how hard he worked just to get to where he is right now. and so i mean

a deal put together by warren buffett and 3g capital. they orchestrated a merger between kraft foods and heintz. two years ago, buffett and 3g teamed up to acquire heintz. craft -- kraft shareholders will get 49% of stock in the new company. >> it will generate substantial synergies which we currently expect to be about $1.5 billion. as well as many revenue extension opportunities domestically and abroad. mark: shares of kraft are soaring today, up as much as 35%. a selloff in biotechnology and chip companies is dragging stocks to a third day of declines come interrupting another win -- declines come interrupting another run after the cut ratings on computer supplies. the nasdaq down 1.75%. the s&p also dropping down today, down 18 points. the dow jones is down over 1% trading at 17,008. oil rising to a two-week high in new york. shrinking signs of u.s. crude production gains and a falling dollar outweighing supply. a disappointing piece of economic news today. u.s. durable goods orders are expected -- unexpected lee fell in february. --

warren buffett and 3g capital, historic merger of american food companies. >> on that merger, warren hear his take on 3g heinz, and kraft. >> facebook holding its developers conference mark zuckerberg keynote and the stock at all-time highs. some leaks on what to expect. >>> coming up on the show later, charlie ergen, chairman and ceo of dish network, rare and exclusive interview with mr. faber. his first interview, by the way, in over a decade. that will be coming live in a few moments. excited about that. first, we've got to talk about kraft shares. they are absolutely surging. opened up more than 30% after announcing plans to merge with heinz in a deal orchestrated by warren buffett's berkshire hathaway and 3g capital. the deal could top $40 billion, creating one of the world's largest food and beverage companies, number five in the world, number three in north america. here's kraft ceo john cahill who just stepped off an investor conference call about the deal. have a listen. i would encourage you not to underestimate the opportunity we have, what the fabulous brands in these ter

joining us is warren buffett. to shareholders that you were still on the hunt. you even mentioned that you'll be looking forward to doing business with 3g in the future. how long has this been in the works? >> it's probably been in the works about four weeks or so. it moved along. >> that is a fast deal. and it's relatively complicated. this is not a straight buyout. this is a situation where 3g and berkshire through heinz are going to be taking a 51% stake in a newly combined public company of kraft and heinz. a special dividend that comes out a $10 billion payment. how did you come up with the structure? >> well, it was a matter of negotiation. and it's correct that 3g and berk hire hathaway will invest $10 billion in heinz just prior to the deal. and that money essentially will be paid out in a $16.50 share dividend to the kraft shareholders immediately before the deal is completed. and then probably only about 600 million kraft shares outstanding. after the deal there will be rough a 1.22 million. of which ber

elizabeth warren is leading it in the senate. democrats do need to have a debate between their more corporatist and liberal wing. i will say on the biden wing, i believe joe biden should be vice president forever and ever and ever. >> he's available. >> i'm down with that draft biden thing. >> christina, the progressive change campaign committee are the people who really kind of drafted elizabeth warren into running for senate in massachusetts. she wasn't interested in being an elected official. they kept pushing her and pushing her and they got her to do it. >> but there's a fundamental difference running for the senate and the presidency of the united states. the people of iowa were saying, if we want free and fair elections and a robust democratic primary, we need actual candidates. so if you can possibly lean to the left, because we know the clintons are nicely in the center, we need someone to step up to the plate. someone needs to dig deep and realize that the clintons are beatable. there are many that don't want to see a r

warren buffet. and carlos aliu. and bill gates. once again, the world's richest person. >>> that's "nightly business report." i want to remind you this is the time of year your public television station seeks your report. >> i'm tyler mathisen. thanks for your support. we'll see you to. >> announcer: greedy wall street banks and uncle sam are out to grab your hard-earned retirement savings. >> follow my golden rule: don't lose that money. >> announcer: ed slott america's ira expert, shows you how to steer clear of the bumps, potholes, and roadblocks in your retirement and lead you to a safe, secure, and tax-free retirement. >> how about no taxes ever in retirement? how does that sound? yeah! (laughs) >> announcer: ed wants you to move in only one direction... >> from forever tax to... >> all: never tax. >> announcer: please join us for "ed slott's retirement roadmap." (applause) >> thank you. thank you. thank you very much. welcome to "retirement roadmap,"

report from warren county, they say it's already slush covered roads in warren county virginia this morning. snowy and slushy roads out west and north of the metro. that will continue. use extra caution today. the timing of the slushy snow accumulation is from now up to about lunchtime. storm team 4 radar showing the snow. as we zoom in, you can see the

warren buffet. and carlos aliu. and bill gates. once again, the world's richest person. >>> that's "nightly business report." i want to remind you this is the time of year your public television station seeks your report. >> i'm tyler mathisen. thanks for your support. we'll see you to. where are you going? i'll be at the mill. it's 12:00. people will be here for lunch soon. look here's the doctor. he's early. i won't be long. go. hurry. look at you. doctor. mr. seymour.

senator warren speaking at the new edward kennedy institute for the u.s. senate. elizabeth warren is speaking, president obama will deliver the keynote address in a few minutes. senator kennedy's widow victoria will introduce the president when he speaks. we will bring you his remarks live. >>> also developing now, the prosecution is expected to rest in the boston marathon bombing trial. what we can expect from the defense. and will dzhokhar tsarnaev take the stand. a live report is ahead. >>> a terrifying scene captured on camera as a veteran firefighter falls through the roof of a burning home. this is incredible video. we will update you on the condition of that firefighter. >>> and outrage now growing over jamie foxx's joke about bruce jenner at the iheart radio music awards. >> he's doing a his and her duet

of course senator elizabeth warren.rogressive group move on says 300,000 people have now signed on to the run warren run campaign and dan jones and a democratic candidate of her own are looking up with lawrence lessick to make a formal pitch for a warren candidacy. clinton, he says quote, has offered nothing to demonstrate she either gets it or cares about addressing it. joining me now is that harvard professor and lanny davis, special counsel to bill clinton and he's not officially affiliated with hillary clinton's potential campaign. good evening to you both. >> good evening. >> lawrence, what do you mean? >> well, i think the thing that elizabeth warren has done so powerfully is to focus the nation on a system that is not working for them. as she puts it the system is rigged. my view is if that's in fact true, which i agree with her it s. we need a debate a campaign that is going to focus on exactly why it is rigged and what are we going to do about it? if we have a one candidate primary, no debates, no effort to pus

jell-o/ a deal but together by warren buffett and 3g. a merger between kraft foods and heinz, creating the third-largest food and beverage company in north america. two years ago buffett and 3g acquired heinz. kraft shareholders will get 49% of the stock plus a special dividend. the craft chairman talked about the advantages. >> this combination will generate substantial synergies which we currently expect to be about $1.5 billion, as well as many revenue expansion opportunities domestically and abroad. matt: the heinz chairman talking about synergies. shares of craft soaring as much as 35%. the company is getting bought. two americans on the german plane that crashed in the1 french alps5. germanwings says most of the 150 on board were german or spanish. on a flight from arson limited -- the plane was on a flight from barcelona to dusseldorf. officials are saying the voice recorder is damage but should be usable. durable goods orders unexpectedly fell in february for the third time in four months. orders for goods fell 1.4%, the previous

good afternoon board members i'm worked at laguna honda for 20 years i'm not an expert in vvl but warren buffett is and george sorry is and mr. cal per if they don't recommended the pensions to be into hedge funds i know this is a bad idea putting citywide i aside any ethnic issues regarding the hedge funds like transparency and the connections with with payments just think about this the doubling of the foes for investing in hedge funds and the 20 percent extra charge for profit we city workers will be left in taking the risks with hedge funds and the profit will go to hedge funds for sure today, the members have the opportunity to do the right thing those who support vvl in hedge funds are really irresponsible i urge to you vote no on hedge funds investments thank you (clapping.) >> mr. vice president and board members i'm cynthia an official court reporter the may pitifully of 2013, the that they were to provide protecting and moderate income housing no to maintain the diversities the findings in the planning code section in the stay and city address mayor ed lee stated starting this

team clinton and team warren will be here to debate that. do you have something for pain? i have bayer aspirin. i'm not having a heart attack, it's my back. i mean bayer back & body. it works great for pain. bayer back & body provides effective relief for your tough pain. better? yeah...thanks for the tip! let me talk to you about retirement. a 401(k) is the most sound way to go. let's talk asset allocation. sure. you seem knowledgeable professional. i'm actually a dj. [ dance music plays ] woman: [laughs] no way! that really is you? if they're not a cfp pro you just don't know. cfp -- work with the highest standard. don't just visit new york. visit tripadvisor new york. with millions of reviews and the best hotel prices... book your next trip at tripadvisor.com today. >> just before 9:00 a.m. eastern this morning, two men dressed at women approached the gates and after the men failed to obey an agency police officers instructions to exist that area the barriers were raised, the car turned accelerated towards an nsa vehicle, and the officers fired at the vehicle before it

[laughter] that is the chance that elizabeth warren has to win.w's got a friday feel on a monday morning. [laughter] >> friday, monday -- stuart: they're close. gasparino strikes again. thanks very much, gaspo. i want you to look at the stock price on michael kors. it is up. now, why is it up? it's got what we call the barron's bounce. phil roosevelt is here. you wrote about michael kors over weekend. you said you liked it. monday morning, it goes up. barron's bounce, why do you like it? >> well michael kors has been a hot stock now for a few years, a hot company and a hot stock. the sales have come down, probably half of what they were before they were running at 60% a year sales growth, probably down to the 30% now, and that has scared a lot of the momentum investors out of the stock and left it quite cheap much cheaper than coach on a price to earnings -- stuart: really? that's interesting. i always think of coach as the old -- i call it a democratic luxury stock because it's handbags and that kind of thing were just in reach. >> right. stuart:

i think you will se senator warren come out and say i'm not going to do this. >> so that's warren.tion. would republicans rather run against clinton or somebody line warren someone like mally governor of maryland or someone like vice president joe biden. >> i think anyone who has to defend barack obama's agenda is in a severe disadvantage. it is indictit after who they want. they really want elizabeth warren because she brings a passion out that secretary clinton does. it is why they are asking warren to run. it is why boston globe is talking about it today. it's why 27 new hampshire state elected states have come out to ask elizabeth warren she brings a passion that hillary clinton doesn't bring to the race. >> to that point, big articles out and there's going to be a lot more to stalktalk about it over the coming weeks. thanks for being here. >>> we have an exclusive interview tomorrow night after big announcement coming at 10:00 p.m. eastern on monday. still ahead, can lawmakers put the breaks on congressional gridlock we will talk to the longest serving republican in senate, ab

alix: warren buffett and the person who will succeed him.he annual letter to investors was published over the weekend. plenty of hints for buffet waters. the right person to take his place is already on berkshire hathaway's board. charlie monger added to the speculation. as we head towards the opening bell i want to get to scarlet fu. she has futures and focus. scarlet: gold looking to post fourth straight day of gains. this upswing has put gold at a two-month high. with central banks easing monetary policy is 2015 the year for the gold? here is chris, the director of portfolio management. welcome to "on the markets." central banks are easing monetary policy, but i want to start with the technicals of gold. chris: it is a series of higher lows. we saw it hit 1155 and maintain that level that it held most of last year. on this pullback, a lot of these traders see them move up as a move higher. a lot of traders speculate if we see the vicks creep above 18 we will see the 1300 level in the next few months. scarlet: you talked about the relation

senator elizabeth warren is caucus's liaison to progressive groups.essional democrats. warren met with house democrats, to push back on granting obama administration more authority to negotiate free-trade agreements. earlier this mornin warren told cheering crowd with the fight against credit card companies and republican and democrat allies. >> credit card companies were already smart. they lined up a lot of powerful folks to support them, both democrats and republicans. they had money galore. they had lobbyists gay lore. families going bankrupt, they had nothing, literally nothing. >> warren tries to push senate democrats to the left. seems their next leader will have strong ties to wall street. new york senator chuck schumer has backing of senate minority leader harry reid, minority whip dick durbin and conference leader. patty murray. david: rich edson, thank you very much. >> thank you, rich. golfer tiger woods best days may behind him. former number one player officially dropped out of the top 100 for first time in his career. first broke into t

warren buffet talks about optimism, his unusual diet and what he hates about his job. >> it is pureeing a kneeing ago and i usually postpone it. >> answers from the man who runs the world's largest gas and oil company. why you are paying too much for car insurance and how to cut your bill and no this isn't a commercial. >>> want some fusun, he is we have the best new travel apps to get you there. "on the money" starts right now. >> this is on the money. your money, your life. your fut now, becky quick. here is a look at what is making news. a much stronger expected jobs more for the month of february. economy creating 295,000 new jobs last month and the unemployment rate fell to 5.5% wage growth though is slow but the strength in the economy could increase the chances that the federal reserve who raise interest rates. that helps send stocks down in early trading on friday and they continued down later in the day. earlier in the week the nasdaq did something it hasn't done in over 15 years, closing above 5,000 on monday. but it had that number for about a total of 60 minutes before falli

plus elizabeth warren on hillary clinton in the 2016 race. we're right back on "the ed show."why combine performance with a conscience? why innovate for a future without accidents? why do any of it? why do all of it? because if it matters to you it's everything to us. the xc60 crossover. from volvo. lease the well equiped volvo xc60 today. visit your local volvo showroom for details. >> important message for women and men ages 50 to 85. please write down this toll-free number now. right now, in areas like yours, people are receiving this free information kit for guaranteed acceptance life insurance with a rate lock through the colonial penn program. if you're on a fixed income or concerned about rising prices, learn about affordable whole life insurance with a lifetime rate lock that guarantees your rate can never increase for any reason. if you did not receive your information or if you misplaced it call this number now and we'll rush it to you. your acceptance is guaranteed, with no health questions. please stand by to learn more. >> i'm alex trebek and the announcement you

warren buffet and 3g will be putting in 10 billion

warren buffett may not like this one.ut the combined company will be able to generate so much more cash flow that nxp believes that i can bring the debt load down very quickly. down to the current level, just six quarters a year and a half in the -- and the balance sheet will be back to normal. that's the final reason i like this. when we interviewed the ceo of nxp, i realized -- this guy really gets it. he's proven himself to be a true visionary. he's done an amazing job of running nxp. it's it's grown at a faster place than others. i bet he can work the same magic with freescale. while i think nxp is worth owning for those daunted by the massive run on the stock today, let me recommend harmon industries. what we saw with nxp and freescale, harmon is the king of the thesis because they make the bulk of the infotainment systems which is why it rallied more than four bucks today. i can't emphasize how long and how much i like what harmon is doing at these levels. you know many people gave up on it, but not here. let me giv

number 2 for warren buffett totally agree no investments funds retirement funds should go into hedge funds number 3 i urge you all people in the room to read the investment for lack of due diligence if staff and the retirement board it is a great foundation for your loss thank you (clapping.) steve united public workers for action i think this issue of hundreds is a serious issue not only for the workers and retirees in the city and county of san francisco it was the hedge funds derivatives that created the collapse of our economy in 2008 one of the things that's happening a lot of people are saying the economy is going to have another fall because of the speculation we're talking about massive speculation now was did that that mean the hedge funds have a history of buying companies what do they do they steel the pension money of the folks and tell the workers they have 40 candle stick park their busting the unions it's a disgrace that po a that represents the police officers tells us we shouldn't put our money in union busters their attacking public workers and ventures you need you

and elizabeth warren can make sure that doesn't happen. if warn sticks to her refusal, she should make it her responsibility to recruit candidates to provide voters with a debate on her signature cause reducing income inequality. matchups show a gap of over 40 points between warn and clinton. and warren has repeatedly said she's not running for president and has taken no steps to indicate otherwise. >>> "the new york times" this morning is shedding light on e-mails that hillary clinton turned over on benghazi. it left four americans dead. the e-mails do not suggest that clinton was part of a coverup or told u.s. forces not to respond as some critics have claimed. one chain focuses on the ambassador then to the u.n., susan rice who went on five sunday talk shows and stated it was a spontaneous attack. clinton's department of staff initially appeared to be pleased saying she did make clear our view that this started spontaneously but as criticism grew she's in damage control. telling him you never said spontaneous. aids also used personal e-

warren is ready to answer your questions. get to that joe and andrew are back in new york. they have a round up of the day's top headlines. >> one day at a time. you're right. we have the bro mans happenmance happening. i don't know why you haven't taken becky's

terms of financial returns hedge fund are a way to reduce risk you've heard people talking about warren buffett how he is against hedge fund well, i think that is one data point and certainly another side to the story we don't know was is in warren buffett's head by few looked at it's scc filings warren is the hedge fund in his fcc fooildz he's talked about contracts i disclosures the interest rate decisive contractors a product of hedge funds not you'll hedge funds they're not the same not all hedge funds utility derivatives you can't put all hedge funds you cannot pay them all so even some s c i u pension systems they have hedge funds if i look at excuse me. if you look at our returns and compare those to the pension system in terms of our returns we've done extraordinarily that's a our funding ratio but if you compare us to endpochlts we're afternoon and endowments have out performed us they've been early performs of the hedge funds i understand that how pension systems have performed in the past hedge fund and emancipation proclamation documents is not always the same some of the co