[laughter] senator warren: big mac atarians. is country, our democracy not a machine or run on its own. it needs you out there fighting for what you believe in. if elected officials do not hear from people like you than the policies will be set by the people they do hear from. plenty.me, they hear from corporate ceos, from wall street, from giant corporations and from others to spend buckets of money to make sure that their interests are heard. the thing. your elected officials are increasingly working, only for the few, the very wealthy few. they are setting policies only to benefit the few, the very self -- the very wealthy few. soon,t does not change this country will fundamentally change. it is your world, your future that is on the line. you to getre to ask engaged. not engaged like i did back at 19. [laughter] but engaged with some issues. the issues i am talking about our policy issues. are alreadyof you deeply committed to fights that matter to you. i want to say, thank you for that. i message to you is please do not qui

warren: thank you. [applause] >> thank you, senator warren. this weekend on american history tv on c-span3, at 10:00 ameri a on reel broadcastc witha robert kennedy and ronald reagan taking questions via satellite from students in london. in england there is movement against racial discrimination. ont america like to comment this or the country may learn from america's experience? to ourave been unjust minority groups, as well as mexican-americans and native americans. we have just begun to realize it and are starting to deal with it. georgetown university professor on the military strategy and political goals of emancipation during the civil war. >> the idea that a president in the event of a sectional war over slavery and rebellion of the southern states might have the authority to emancipate slaves the military measure predates the civil war. it is articulated by john quincy adams on a number of occasions. >> 6:45 p.m. eastern, talking about the first u.s. congress' debate on slavery. antislavery activists and the pennsylvania abolitionists

warren: thank you. thank you. go u-mass. it is good to be here. get afternoon and thank you to the chancellor and the board of trustees for inviting me to be here with you today. i really do love visiting this campus and seeing the great work done by students and faculty. i have a lot of u-mass amherst grads on my staff. i get to see exactly how u-mass amherst education is. you have turned out smart people. i know because i hire them. is great to see stan rosenberg, your state legislative delegation here and what a great team you have working for you in western and central massachusetts. i was a law professor for many years so this is not my first commencement speech but if i go longer than 20 minutes, i know that it will be my last. i understand every extra minute i speak is that much longer before you can hit the bars. not that some of you need to the bars.hit the surprise when i saw, elizabeth warren commencement speech drinking game. [applause] say, theen: i have to timing was perfect, i was sufferi

any, warren buffett will be joining becky. it's may 8th, 2017 and "squawk box" begins now. >> announcer: live from new york where business never sleeps, this is "squawk box." >>> good morning, welcome back to "squawk box" right here on cnbc. we're live at the nasdaq market site on times square. i'm andrew ross sorkin along with joe kernin. becky quick is live with warren buffett in omaha. hi, becky. >> you made it back. >> i made it back okay. we're going to make it back to you in just one minute with the oracle of omaha. emanuel macron winning and defeating the far right candidate, 64% to 54%. macron is expected to be inaugurated on sunday next on the agenda, in france, two rounds of parliamentary elections in june. we should mention the jueuro jumping to six-month highs. you're looking at european markets right now, across the board, they are down. in large part, they had risen, of course, on friday in expectation ever this news. in asia, japan rising 2.3% overnight. the hang seng was slightly higher. u.s. equity futures up

lee's welcome senator elizabeth warren. [applause] senator warren: i am so glad to the ideas conference. i have been here many times before to talk with a lot of people in this room about ideas. progressive ideas, big ideas, small ideas. my aim is always in the same direction. how to make this country -- how to make this government work for people. i believe that this is the central question facing america today. bigaside the debate about government versus small government, about more government versus less government. the important thing we need is accountable government. government not just for the rich and powerful, but a government that works for and answers to all of us. is theable government basis of american democracy. but for years, let's just face it, it has been slipping away. or years, government has worked better and better for those at the top and pushed the concerns of the everyone else further and further behind. this, butasons for two are pretty obvious to most americans. concentrated money and concentrated

warren buffett's head is right there. and inside the shoe is warren buffett.do you think of that? >> nice. >> i guess that's good. yeah. i can see -- >> i feel like i'm stepping on warren every time i have my foot in there. >> it's a quite picture of him. becky -- >> they run small, the brooks. do yours fit? back to the berkshire hathaway annual meeting. becky quick is there. >> we have a pair right here that i have not tried on just yet. but they are sitting here. andrew got his early and tried them out. i don't know, joe, i'll give them a try and let you know if they're small or not. nice looking shoes. i like the shoes, it's the socks i have issue with. we'll talk to these guys who are watching all of this take place. among the companies that berkshire hathaway knows are some consumer brands that make batteries, to paints, to shoes and chocolates. joining us now are jim weber, ceo of brooks sports. these are his shoes. mike searles, ceo of benjamin moore, and brian kinsler. welcome to all of you. >> thank you. >> one thing we talk about with warren buffett,

and we can't get that from reading the warren report. >> the critics of the warren commission have threeent. two, we were thoroughly corrupt. some say both of the above. i want someone to tell me that to my face. important to me than my vacation. so when i need to book a hotel, i want someone who makes it easy. booking.com gets it. and with a book now, pay later feature, i don't have to pay for anything when i book. visit booking.com. booking.yeah. be the you who doesn't cover your moderate to severe plaque psoriasis. be the you who shows up in that dress. who hugs a friend. who is done with treatments that don't give you clearer skin. be the you who controls your psoriasis with stelara® just 4 doses a year after 2 starter doses. stelara® may lower your ability to fight infections and may increase your risk of infections and cancer. some serious infections require hospitalization. before treatment, get tested for tuberculosis. before starting stelara® tell your doctor if you think you have an infection or have symptoms such as: fever, sweats, chills, muscle aches or cough. always tell yo

warren: thank you. thank you. [applause] >> thank you, senator warren. [applause] >> the final commencement address this evening will be a by republican senator rob portman. he spoke earlier this month at ashland university in his home state of ohio. it's about 15 minutes. [applause] sen. portman: thank you very much. thank you for your friendship. thank you for inviting me to be here at this celebration. thank you to joyce and the board, and to the graduates, congratulations. you have been well launched. this is a great school. one of the great schools in ohio and in the nat

it's already in the papers. >> i think you did wrong getting warren.ou could fill a book with all the things you'll never learn from a book. expedia. everything in one place, so you can travel the world better. working on my feet all day gave me pain here. in my knees. so i stepped on this machine and got my number, which matched my dr. scholl's custom fit orthotic inserts. so i get immediate relief from my foot pain. my knee pain. find a machine at drscholls.com. beth is a total boss. she switched to the best deal in america. total wireless. she gets the largest most dependable 4g lte network... ...and 5gigs of high speed data for $35 a month. make it rain, beth. total wireless. available at walmart. beneful grain free is so healthy... oh! farm-raised chicken! that's good chicken. hm!? here come the accents. blueberries and pumpkin. wow. and spinach! that was my favorite bite so far. (avo) new beneful grain free. out with the grain, in with the farm-raised chicken. healthful. flavorful. beneful. i wanti did my ancestrydna and where i came from. and i

but either way, you know, warren's out. so maybe ginnie's out too. >> if you're not keeping your biggest shareholder happy, it can increase pressure on you. kim forrest, thank you. >>> ahead, high stakes elections for the global market. >> reporter: i'm michelle caruso-cabrera in paris, france. voters here are choosing a president. but in the rest of europe, they see it as a referendum on the european union and the euro. more coming up on "nightly business repor >>> federal reserve officials said the central bank should cut its balance sheet in half. the parking lot of the st. louis fed said trimming should start in the second half of this year. >> the size of the balance sheet is larger than we would like. that's why i've been an advocate of beginning to shrink the balance sheet by ending the reinvestment policy. i think we could go down to as low as $2 trillion. >> they put that card in there so he knew who it was. there was a little confusion. the fed purchased a lot of bonds to shore up the economy. investors will watch

david: you started with the warren and melinda giving pledge. that about and how does it work? bill: warren was brainstorming with us about how to figure out -- how do for land this figure out what to do? how could they help share with each other without giving up the diversity of what they did. so he got us to do some dinners with people who are already doing amazing philanthropy, and talk about how they build staff, and picked causes. not that they would give to the same things, but the quality and even how early people get engaged would be enhanced by the people getting together and making a public commitment to give the majority of their wealth away. and so, that has become the giving pledge group. david: you are the wealthiest man in the world for 20 years or more, how does it affect your life daily? do people come up to and ask for money? or they expect you to buy them things? do you get tired of it? ♪ ♪ david: when you were doing microsoft at the beginning, you were doing the coding yourself? and you presumably know more about coding than

any, warren buffett will be joining becky.8th, 2017 and "squawk box" begins now. >> announcer: live from new york where business never sleeps, this is "squawk box." >>> good morning, welcome back to "squawk box" right here on cnbc. we're live at the nasdaq market site on times square. i'm andrew ross sorkin along with joe kernin. becky quick is live with warren buffett in omaha. hi, becky. >> you made it back. >> i made it back okay. we're going to make it back to you in just one minute with the oracle of omaha. emanuel macron winning and defeating the far right candidate, 64% to 54%. macron i

which i think is what's warren's doing. the ai business, cloud business, big data, but particularly, artificial intelligence, it's great business, but it's a tiny part of their overall profit bability. the market cap is too big. and i know you know this, there's 40 billion of debt at this company. i just don't like the exx combination of a shrinking market cap, that much debt. got your largest shareholder walking and i think this is his way of saying sinara. >> i think this is a shot towards the board to make a decision of what's going on at this company. >> buy back what he sold? >> i don't. >> only if there was a change would i actually think that, so i think no. the other thing that's very important and you being a value guy would understand this well. how about the idea that even though his performance from 170 to 180 is not that stellar, how about the fact he's collected $20 in dividends since 2011. >> you're absolutely right. >> i would say a couple of things. first of all, move back here because you've become the ete

don't forget that warren buffett owns precision cast marts.be they would be -- they might buy arconic which has so much of the engine of the actual engine, the ring around the engine for united technologies. so stay tuned on that one. that is very, very heated. >> as you're talking, guys, s&p hits its first record high since march 1st. we got to 2401. >> oh. >> been a while. nasdaq has been doing it day after day. but nasdaq is lagging behind. goldman has a note this morning looking at whether or not nasdaq can continue to outperform s&p. they say over 12 months, yeah. not by a lot. >> i don't know. >> valuation is not out of line with historic. >> people are quietly saying better things about this market. it's overrun a lot of price targets. people kind of couldn't figure it. i know there's a feeling that perhaps when repeal and replace failed the first time the economy slowed. there's an overall sense that maybe now that it's out of the house it can take up something else. i feel like the spirits are back. and a lot of that is because the qu

we're back now with warren buffett. he is still got lots of energy to speak to our viewers. they want this border adjustment tax. this weekend a conservative senator from georgia said it's dead on arrival in the senate what do you think happens. i don't know the politics at all. in the end the world will do better including the united states free trade. we ought to take care of those people in some way because there is a greater good done by free trade. if you start taxing certain imports here just raising the price. for example many things that they make have parts from elsewhere and we sell things over there too. our exports were 5% of gdp in 1970. we found many thanks that the united states makes. we ought to take the people of the people that have been there. speaking of taxes and tax reform. the top economic advisor he rolled out a tax reform plan its streams lines the tax bracket it would eliminate the estate tax from what you saw of that plan is or anything you would embrace within it. if the look at any plan in

all this after warren has sold out a third of its shares. headed our week next week. i love this calendar, it looks so exciting. snap is the first time the company will report quarterly earnings since going public. i know it doesn't meet your big money to the mark threshold, however. it's a lot bigger than many. >> the crazy thing about snap, they must be in the $20 billion. >> 27 billion. >> by the way, snap, snap is 20 times bigger than shake shack that you talked about. >> real quick. >> it's interesting to see how they characterize their own results, what metrics they want to put forward, because they were trying to de-emphasize user growth in the ipo. >> by the way, mark hauthen an analyst said he wouldn't be surprised the user growth turns negative because of the strong growth and what facebook, instagram is doing. thank you, guy, for being here. appreciate it. have a lovely weekend next weekend, that's it for "closing bell." "fast money" starts now. >> fast money starts right now, live at the nasdaq market over rainy time's skwar, the

the weekend with warren. we are live in omaha nebraska. >> at the gigantic annual shareholder meeting. some 38 plus a thousand people already streaming into the center of it all. and guess what, the actual meeting doesn't begin until tomorrow. but before that after the bell we are getting earnings. we will get you a preview. we are less than an hour to the closing bell. let's start the countdown. okay here we go. i'm connell mcshane in new york. i'm at the century link arena. tens of thousands of people haven't started to flood the area. why, for these two guys. tomorrow they will take the stage here at the century like you're talking about an 86-year-old man and a 93 -year-old vice chairman. sitting on an empty stage talking about the economy about business in the more than 80 businesses they own and it will sell out more than nickel back, queen and yes indeed paul mccartney. why does this matter. it's very much a proxy for the economy. and he owns so many businesses but the powerhouse six are the ones that

great stuff from warren buffett. let's bring in nick and josh.s, buffett's comments on apple come as citi is putting out a note listing the top potential targets. netflix topping the list. i want to talk about buffett first. is tech his kryptonite? it was contrary to his bet on ibm years ago anyway. apple and aprmazon have done amazing. if he bought into those five, ten years ago, he would have done a lot better. nick? >> yeah, i mean, i think it probably is. i have a tremendous amount of respect for warren buffett, i think he's an incredibly smart guy, but he has a flip phone. how can you understand how consumers are going to interact with technology when you don't use them. maybe his bets are wrong sometimes with technology and, you know, for me, i do agree amazon is a big and scary company that is going to be a competitor to a lot of the people that he's invested in. >> and, josh, one of the things that strikes me about this area in technology is how much parity there is between big giants. i don't remember the last time we have seen a time li

they traded warren and got castro, god adam warren back in the chapman deal. they traded aroldis chapman and got him back as a free agent. jay hits one into the corner, long run, gardner won't get there, fair ball. digging for third is montero, a double for jon jay, and the cubs are trying to get back in this game. ben zobrist will be the hitter. second and third, two out. >> john: cubs picking down the left field line and right field line. staying away from gardner. he is probably thinking, my gosh, a lot of room over here that i can cover. next to that wall is not one of them. >> joe: by the way, in case you want to know this info, they change the past base -- a three-run inning, a chance for more, and zobrist takes a ball down and away. dellin betances is up for the yankees in their pen, and brian duensing, left-hander, or for the cubs in theirs. >> john: certainly not what joe girardi had in mind to get the latter part of his bullpen >> joe: this logo down for joe girardi in the category of never easy. there is some stress left in this one for the tensor m

that's hard to say about warren buffett. i always thought he sort of missed all the technology stocks because it wasn't comfortable with him, and he liked to stick in media but not in the stuff that was changing the way we consume media and other things like that. >> although, a guest in our last hour reminded us that the name of the company, berkshire hathaway are old textile makers he dumped a long time ago. seeing where that era was headed. what does this say about his interests now and how tech fits into our overall economic being? >> i always thought it was a miss to him to think this way and not being part of the conversation because he's so smart about things like that. i think it says he understands what's happening even going forward is going -- it's interesting he's not buying stock now. bezos is in the middle of automation and robotics. the companies will be big players going forward of where computing is going. he said they were too high now, and then he followed it by saying that's a bad way to think. it would b

god knows i'm going to defer to warren buffett. he says we're not yet overexcited about stocks, looks as though we're excited about the stocks for the last two or three years. i don't know how much more excitement is left in the market. melissa: yeah, steve, what do you think? . >> i think frankly there is more excitement left if we can grow the way we're supposed to. what's been missing from the american economy is productity growth. what we have n seen in the century, in the 2000s is the productivity growth in the 1980s and 90s. the reason is we haven't seen enough capex spending, investing in people, plants, technology, the tax proposals that president trump has put forward can excite that investment and that kind of growth. i think the stock market is properly pricing that in. melissa: gentlemen, thank you, breaking news, former acting attorney general sally yates testifying before the senate subcommittee investigating russian interference in the presidential election. senator ted cruz is asking the questions, let's listen. >>

warren will i think agree. there is this perspective that ustr has extraordinary powers to go out there and force people to comply. force new agreements to be reached. the reality is that american trade negotiators have long had sort of one hand tied behind their back. so the perception at least that you've got an administration, a president, that is willing to "a" sort of really focus on the bilateral relationship, hold that particular country to account and may use some of these powers that are out there. in fact, perhaps arms our trade negotiators more they have been armed before and secure either additional market access or corrections to the violations of the international trade laws that have been agreed to. so i think to -- yes, the sheer focus on bilateral trade deficits most would say is unsound. but placed in the broader context of how they're thinking about this, there may be some method to it. >> i wanted to turn to some of the regional questions. we talked a little bit with gary cohn earlier on chi

why is warren buffett wrong?> well, the reality is that warren buffett is one of the richest men in the world because of a giant tax break, which is that he's made a fortune and instead of markets to market at the end of every year and paying tax, he gets to roll it forward. liz: meaning his capital gains. wants to raise everyb income taxes. >> he doesn't pay until he sells. liz: right. >> by virtue of not selling. by the way, i'm no different. nobody whose ever accumulated any serious wealth in this country has done anything other than allow it to roll forward, not have to pay taxes on an ongoing basis. i don't know why warren buffett feels the need to make the kind of comments that he's making. i personally think that the health care bill is hardly a gift to the rich, and it's a long way from being anything, they think is passable. liz: do you think warren buffett is being honest about this debate? >> i think that the kind of comments he's made have fit into the pattern that he has exemplified over the last eig

you can see our entire interview with elizabeth warren on our website.th brian williams starts now. >>> tonight, the president is apparently lawyering up. donald trump expected to retain a private attorney to represent him in the russia

in truth i would say warren who has a 2018 re-election in massachusetts to think about i would say warren has a problem and that is she is too widely down. it's not like klobuchar or harris that she has to get her name. she's too well-known into well brded as an ultraliberal is the goal for democrats in 2020 is college-educated affluence server and suburbanites to come over to their site and book of them against trump yet to find a candidate who can appeal to those voters. kennedy: i have to say with that as a criterion there is much more that amy klobuchar has to offer to people like that particularly and why think she's being smart about this. it's an economic message and that's something a lot of mainstream well-known democrhav. >> that's right but kamala harris will do wonders with the democratic base if she really wants to win. her bio as the attorney general of california's uber liberal dropping the f-bomb about raw labrador talking health care. for all of these people can you walk and chew gum at the same time? can you unified disk -- disproportionately based to get ahead? elizabet

elizabeth warren gets tonight's last word.ntire interview with elizabeth warren on our website. "the 11th hour" with brian williams starts now. >>> tonight, the president is apparently lawyering up. donald trump expected to retain a private attorney to represent him in the russia investigation. >>> also, the cia's concerns. the former director shares his

true to warren buffett holds court in comes out swinging against border tax plan. liz claman is buried the story. cheryl: comcast and charter set to announce a partnership to answer the pressing business of mobile telecom. all the details this morning. train to the prime chance in the cleveland cavaliers with the toronto raptors in a marathon team in baseball as the yankees go 18 minutes against the chicago cubs. chicago cubs. we'll have highlights. cheryl: and is 5:01 a.m. here in new york. welcome to "fbn:am," your first look at morning markets and breaking news. nicole: nice to see you, cheryl. glad you're here. president trump congratulates french president-elect emanuel macron after the 49ers investment candidate defeated marine le pen by a big margin. the president tweedy and congratulations to emanuel macron on his big win today is the next president of france. and it's very much forward to working with him. cheryl: ashley webster life in paris. following of course the events there. ashley. reporter: good morning, cheryl. yes come in the end it wasn't even a

i think the elizabeth warren you saw in 2011 and 2012 was more just elizabeth warren, here is what iw there is a risk sometimes she comes across more like sort of elizabeth warren democratic party establishment figure. >> these house members decide what they're going to do in voting. i've been talking about the dangers of them having an unpopular bill wrapped around their next as they go towards 2018. how are things looking for the 2018 campaign right now? i know it's very early, but the generic ballot is always something to look at, a good leading indicator. how are things looking for house democrats? >> i mean, house democrats obviously are very optimistic because just historically this is the combination, when you're totally locked out the midterm is usually good to your party but there is a particular type of district that house dems are focusing on right now that's the district where you have a republican incumbent and hillary clinton who won the district last november. >> how many districts are there? >> there's 24 of those -- 23 of those districts. >> a lot higher number than

senator warren: yes. mr. mnuchin: that means there are aspects of it, ok, that we think may make sense. but we never said before that we supported a full separation of banks and -- senator warren: sorry. let me stop you right there, mr. secretary. mr. mnuchin: you are not letting me finish. senator warren: i am not because i really have to understand what you just said. there are aspects of glass-steagall that you support but not breaking up the banks and separating commercial banking from investment banking? what do you think glass-steagall was if that's not right at the heart of it? mr. mnuchin: again, i am well aware what glass-steagall was. as you know the original concern about glass-steagall was actually about conflicts, not about credit risk. and if we had supported a full glass-steagall we would have said at the time had we believed in glass-steagall, not a 21st century glass-steagall, we were very clear in differentiating it. i now realize that i had not realized that your bill was named the 21st cen

a lot of people idolize warren buffett, dan. they think he knows a great deal, and certainly he does. and they might well think, well, gosh, maybe i should sell all my bonds. should they? >> no. we don't believe they should. obviously we have tremendous respect for mr. buffett, he's the greatest investors in equities of all time. we don't think it's an all or none type of answer for a lot of individual investors. there's not a whole lot of warren buffetts running around there. some people can't stomach the volatility that stocks bring. we think equities like bonds are appropriate in this environment. even warren buffett, tyler, has mentioned the extreme valuation in equity prices. i believe even within his berkshire hathaway operation he's built up a huge cash hoard. >> so if you need a decent return, not stellar but a decent return, and you want to stay within the bond universe, what would you recommend? >> well, we think a number of areas are attractive. if you are concerned about the fed raising rates, which we do think will

so we're coming up warren street and i'll point out a couple of other sites. that's the catholic cathedral here in trenton, and then on left, that st. michael's church, and that is one of the oldest churches in trenton and parts of the church -- not the parts here for the first and second battle. british mercenaries had been housed in there, and so -- and colonel raul was shot very close by here, and so this is an incredibly important site for the american revolution right here. >> and just mixed in with the rest of the city. it's next to a furniture store and next to where people live. >> exactly. right. so that's -- temperature apartments over there, the catholic cathedral is right over there, state office buildings just a block away. so smack here in the middle and people walking by have in idea that what an important site this was for the future of our country. and it also served in the 1780s as the nation's capitol. make a right right here. this is called the corner historic, this gorgeous bank building, but there was a large tavern here, the french arms

. >>> warren buffett backing out of big blue. he tells season as soon as he has sold a third of his stake in ibm. exclusive details on that coming up. >>> and uber under fire. why the ridesharing company faces a criminal investigation. it's friday may 5, 2015. "worldwide exchange" begins right now. ♪ >>> good morning. welcome to "worldwide exchange" on cnbc. happy friday. happy cinco de mayo. i'm sara eisen. >> i'm wilfred frost. it is new music friday. this is the latest from justin bieber, lil' wayne. >> it is jobs friday. u.s. equity futures right now are pointing to a mixed open. the dow futures are down about 16 points. s&p futures are up 1. nasdaq futures are up 4. oil is the big story. that tumble yesterday to the lowest level since november caught everyone and moved the market. wti is back above $45 a barrel. 45.70. getting a bit of a boost this morning. we'll see if that holds. there's been a pattern lately where the early morning, this time of morning bounce disappears by midday. brent crude, 48.72. nat gas, $3.21. we'l

i think elizabeth warren is one of the best at that.et's keep in mind trump ran as the alpha male. he talked about the size of his junk, grab them by the you know what. he ran as the alpha male who is going to be tough. it was a gendered election. when you talk about what we're going to come to in response to that, we will probably get -- >> eric: suggesting donald trump is more gender identity political and hillary clinton? no, i am talking about the underlying dynamic. >> i will tell you one thing america will never be ready for. that is a president elizabeth warren. president pocahontas. >> please don't do that. if you're going to criticize he her. keep it to the policy. >> all that feminism has delivered his angry women. >> eboni: feminism by definition, people don't understand the word. you believe the same rights you have that are applicable to you are applicable to me. >> i agree. that is the definition. >> kat: this won't be solved right now. back by popular demand, were going to circle back to one of our top stories next. here

warren did not object. >> one of the problems was mr. nixon on the train. >> running for the senate. >> no, this was in 1952 on the train back warren had some, i don't know exactly what he thought he was get, maybe he was still a candidate for president, i remember as vice president four years before, but he felt that nixon did -- kind of did him in. kind of did his own thing and that left a feeling. >> skrichl in the party. >> yeah, warren has not a fan of nixon and when my father was running against nixon he certainly was happy to see my father win. >> what -- by the way i will straits in politics, watch what enemies you make because they can do you in later. that's the point been trump, how many fights you can have? how many enemies you can make? and the fact is there's a limited kwoesha before you run out the score. >> is that something that you know more about now than you did before? is that something you've learned from your career in politics? >> well, when i was secretary of state i met this long been here over 30 years and he w

apple, mcdonald's, warren buffett touting apple calling the iphone a incredie consumer product. on the down side, disney and ibm. we learned that mr. buffett decreased his holdings in ibm. we had a nice shot not arm. blue chip average, the dow closing up 55. but as you said s&p and nas nasdaq that put in record closing levels, across the board, modest gains for the week. on the s&p, up about a half of one percent. good earnings, solid job report for april out of the labor department. and looking at calla way -- callaway golf, benefiting as nike u unwinds its golf apparel and acces accessory line. shares of callaway golf. david: those brand names, apple, mcdonald's, callaway, brand names sell, jeff, oil, finally finding a floor there to the freefall it has been going on for the last 3 weeks. energy leading today's stock rally. why did oil shore up? reporter: bargain hunters, we got to a level that people had to buy into it. we really got down low today, long at that infrom day chart, we got low as 4376. that is a 4% ls comparedo yesterday. but then, rallie right now in after hour

nicole: coming up, what does warren buffett most admire?his is what he told our liz claman. >> virtually everybody in the world asking who they worry about the most. they worry about amazon. trade to move a hot bath with amazon's new latest gadget. the golden state warriors with a second play of serious eliminating the utah jazz. turning to hockey playoffs, washington capitals dominate the pittsburgh penguins for us in a decisive game seven in their series. we will have all the highlights. you are watching "fbn:am." dow futures up about 18 points with your first look at morning markets and breaking news. ♪ bye-bye miss american pie ♪ drove my chevy to the labbe, but the levee was dry ♪ this'll be the day that i die ♪ this'll be the day that i die ♪ lauren: they may cannot do that at first speaker today. it will feature a screen that will operate video calling capabilities and allow users to make internet-based phone calls to the device i have a seven-inch touchscreen mobility facially inseparable questions. it has been in data testing for a

just to be clear here we know warren buffet's politics.r of health care -- of hillary clinton. just looking at the numbers here, this is a guy who knows numbers he says it makes me a whole lot richer. can you argue with that, that this is what the economists debated on thursday called reverse robin hood? >> warren buffet will not like the republican healthcare plan because he writes out billions and billions of dollars of income that he never paid taxes on by contributing it to the gates foundation. that's billions of dollars that was never taxed. >> just to be clear that's because he's following tax policy. >> he is following the tax laws. >> he is hypocritical when he is saying i want to pay more tax. i'll say this. austin thinks i can verify this, that every time we have cut the capital gains tax going back to 81 and '87 and 2003 under george w. bush, every time we cut it we have had more revenue, not less. there are other taxes, by the way, in obamacare that really hurt the economy. the tax on health insurance plans, all of those thing

sort of warmed over curdled milk with elizabeth warren and corey booker. but they're trying very hard to have a coup on the progressive side and push bernie out. but he's the only one that gets people excited and mobilized. >> he's a dinosaur. he's pushing 80. but they have a message it's just not that it doesn't sell. open borders, trans-gender bathrooms. that won't get the obama voters back. they have a message. they have to conceal it because it's a dis tasteful message that matters. >> and their new movement is just resisting blood. >> there were a people running for the head of the dnc. a gentleman, from local ohio. forgot his name. >> tim ryan? >> tim ryan is one of them. i bring this person up because he was referenced to me as a democratic friend of mine, been in democratic politics and wants to see a wave of the future. talked to him about the bernie sanders progressives. this is not what we want for the future, it's not going to win over the voters that president trump has won over, switched over. it's going to be interesting to see if they go fu

and the warren court changed that. now criminal law, to a significant extent, has been constitutionalized. that's a very important part of the prosecution. and i think most people would think that the criminal justice system is fairer as a result of that. >> and ms. stewart, you demetted guess you have admitted you were born after gideon was decided. do you see looking back as someone who has taught law, and has also obviously gone to law school and practiced law, do you see the warren court as being a path breaker? >> oh, absolutely. with the decisions that judge dike mentioned of course. but i also know that it was certainly an expansion of rights for defendants during that era. and subsequent courts sort of narrowed that expansion. and provided balance. because there are certain exceptions that need to apply for officers need to be applied for officer safety and other reasons. and so yes, i definitely think that the warren court was path breaker. but ultimately other courts narrowed some of those decisionings. >> an

senator warren. senator warren: i want to go back to remarks about glass-steagall. as you know, the original glass-steagall was put in place to divide commercial banks and investment banks, the law was repealed in 1999, which created the too big to fail bank like citi group and jp morgan chase got too large and since then there have been many proposals, including my own bill with senators cantwell and mccain for a 20th century glass-steagall that would break up the banks and modernize the wall between commercial banking and investment banking. now, i look at the history of this. the president and this administration have said repeatedly that they support a 21st century glass-steagall. it was in republican party platform. donald trump said it specifically a few weeks before the election. you said, quote, we need a 21st century glass-steagall at your confirmation hearing. and now, you've just said exactly the opposite. in the past few months, you and the president have had a number of meetings with big banks, ceos and lobbyists. is that the reason for the reversal on

. >>> "hardball" welcomes elizabeth warren. let's play "hardball." >>> good evening. i'm chris matthews in washington. massachusetts senator and progressive champion elizabeth warren became the breakout surrogate for hillary clinton's presidential run. and throw aside trump's attacks and even insults, warren hit him with a counterpunch and never let up. >> he thinks that because he has money, that he can call women fat pigs and bimbos. he thinks because he is a celebrity, that he can rate women's bodies from one to ten. he thinks that because he has a mouthful of tic tacs, that he can force himself on any woman within groping distance. [ audience booing ] i've got news for you, donald trump. women have had it with guys like yo [ chrs and applause ] on november 8th, we nas ty wome are going to march our nasty feet to cast our nasty votes to get you out of our lives forever. [ cheers and applause ] >> well, warren's fiery speeches and rallies across the country like that one in 2016 were but a prelude to her voice today in the resistance. and who knows what's coming in

warren buffett is rarely challenged.the greatest investor of our time and some people felt he was without his own mantra when he bought ibm. he bought a lot of apple which has a lot of competition. even tim cook said we're not seeing the switches back to samsung, but i counsel that ibm has tried mightily to change its hand and david, it was not a good hand. i wonder about the pressure on jenny. i think as long as you have warren buffett's backing whether it be a coca-cola or american express you have the ace in the hole. >> you won't get an activist in the stock going after you if you have warren buffett. american express thought about doing something about it, forget about it. >> activists get involved everywhere these days. >> believe me, all companies are aware of it and ready for it and waiting for that potential. but what do you do? i mean, what wouldn't you do -- what would you do differently if you're ranetti. >> you could have bought salesforce. >> it was once a typewriter company and they repositioned themselves

isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade. >>> welcome back. to paris, france, where the polls are suggesting macron will become the next president and the markets are acting like there's no worries. interest rates have been falling as investors breathed a sigh of leaf as they watch marley ine n pen's poll numbers fall. she wanted france to do a uk and calling for more intervention into the state economy. macron is to stay with the union and he wants france to be more competitive. here's the thing the markets are so complacent, if they are wrong, it will be financial chaos on monday. back to you, melissa. >> thank you. if there is an upset this weekend, what can you buy for disaster insurance? break it down for us, professor. >> if you're talking about disaster insurance you're talking about tail hedges, not the usu

warren buffett's done that already. advice from the world's greatest . >>> just remember, the person you're talking to, your fees are their income. >> the big controversy over calorie count. should restaurants be required to tell you exactly what you're eating? >>> the plain truth about the airline industry. what people really think when they f. >>> and the first step. an amazing high tech tool to help people who thought they'd never walk a "on the money" starts right now. >>> this is "on the money," your money, your life, your future. now, becky quick. >>> we begin with a food fight. this week the fda once again delayed the implementation of a law that would require many restaurants and grocery stores to display calorie their menu. and while many major chains are already complying with the regulations the cry to scrap them altogether isn't going away. is it a way to make us healthier or is this a case of the nanny state? that is today's cover story. the numbers are staggering. about 70% of adults in the u.s., 20 or old

do you sell when warren buffet sells and what do you think of ibm?i think it's dangerous to sell when ier anybody sells. warren buffet is such an amazing long-term investor. when you think, they haven't been great. that's not his point. that's not his angle. when i think about it and i look at the berkshire portfolio and those that have moved and haven't, i think the addition of the airlines seem to be those of the first quarter, delta, southwest, american, are all places where they are heavily invested and i think these are places where the valuation and the business cycle and economic cycle for me. >> one of the most remarkable business people of our era. >> he's right, he is. >> he doesn't own any stock as far as we know. >> that would be out of the bailiwick of berkshire atmosphere jay whathaway. >> i know you don't like ibm. >> what's the animal with the quills? >> pork mocupine. >> stay away from it. his price got cheaper because his stock has only gone down the last six years. >> amazon, i have been a fan forever. now i'm saying maybe you get

isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade. >>> no, they're under valued. >> they're all undervalued. >> yes. >> the biggest companies are undervalued? >> yes. i just sold some puts on amazon and bought some more calls. they're so undervalued. you don't understand, how deep learning and -- however you call it, it's going to be bigger. >> that was billionaire investor mark cuban on "fast money" revealing he sold puts on amazon. sounds like he's watching the show. selling puts is hard. enter professor ko and his call to action. >> mark, we'd love to have you on the show. we can discuss some of these bullish strategies, but as we were just talking about, selling puts on a $900 stock, that's going to be a little bit risky. maybe we can do this a different way. we can look at selling a puts spread which is going to have l

the big mistake warren buffett said some investors like you may be making. >>> hot topic. ab old drug gets a new price tag to treat a rare and debilitating condition. that and more tonight on "nightly business report." >>> welcome. gains were small today. minuscule really. but they were good enough to lift the s&p 500 and nasdaq composite to all-time closing highs. investors seemingly concluded the market had dodged yet another risk. namely, that france might elect a far right opponent of the european union and the euro currency. the french for now voted for a moderate and the status quo. and that was enough to let investors globally focus not on european vote counts, but on the improving health of europe economy and stock market which has been climbing. we begin with two reports. bob pisani takes a look at the markets. but first, michelle caruso-cabrera in paris. >> reporter: last night marked yet another major upset in global politics. emmanuel macron started a new party one year ago, wiped out the socialists and republicans who dominated french politics since world war

isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade. steve, other than making me move stuff, i'm here at the td ameritrade trader offices. what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. see options data like never before. with thinkorswim only at td ameritrade. >>> welcome back. time for the upside call where we take a look back at some of our winning trades. a few weeks ago, he thought silver looked oversold. >> we have this much more to go and we're going to get down into here. i think it's over because of the 14 data. >> i'm looking out to august

by right now. >> senator warren is here with us. senator, could you tell us a little bit about your effort to press the secretary on his position on glass-steagall. >> remember that's about separating every day banking, checking accounts and savings accounts from high-risk investment, risk taking that only the larger institutions do. back during the campaign donald trump said he was in favor of breaking up the big financial institutions that do it. the republican party platform said we support reinstating the glass-steagall act of 1933 which prohibits commercial banks from engaging in high-risk investment. secretary mnuchin during his hearing to be secretary said that he supported a 21st century glass-steagall. i have a bipartisan 21st century glass-steagall law with john mccain, maria cantwell and angus king. what it does is exactly that, it separates everyday banking from high-risk investment banking. secretary mnuchin just goes in there and says, oh, yeah, we're in favor of 21st century glass-steagall but we don't want to separat