don't forget, warren buffett will join us at 8:00 a.m.astern time becky is in omaha and will bring us that interview, and news of the changes to the board of brookshire hathaway. "squawk box" will be right back. >>> time now for today's aflac trivia question. which states were the first to e swlize recreational marijuana? thaner when cnbc "squawk box" continues and a gentle wave-like motion... liberate your spine... aflac! and reach, toes blossoming... not that great at yoga ya but when i slipped a disc, he paid my claim in just one day. so he had your back? yup in just one day, we process, approve and pay. one day pay. only from aflac >> which states were the first to legalize recreational marijuana? the answer, colorado and washington state >>> coming up after the legalization of pot smoking. at least until the federal crackdown on the industry. a look at what it could mean for the banking industry, which was just opening up to the idea of organize every offering accounts to those businesses. as we head to break, take a look at u.s. equ

senator warren. senator warren: thank you, mr. chairman. after the 2008 financial crisis, congress created the financial stability oversight council in order to monitor the risk in the financial system and one of fay sock's main -- fsoc's is to, quote, ion dent fight gaps that could pose risks to the financial stability of the united states. now, mr. secretary, you are the head of fsoc. despite that role you appear to support a bill that this committee has passed that would roll back the rules on banks between $50 billion and $250 billion in assets. that's about 30 of the 40 largest banks in this country. so what i want to understand today is, why you're so confident that that wouldn't pose a risk to the financial stability of the country. so mr. secretary, how much do these 30 banks hold collectively in assets, deposits, securities, and so on? secretary mnuchin: well, first all, i think that we have very significant regulators that will continue to regulate those senator warren: that's not my question. excuse me, mr. secretary. i am asking

>> that was warren buffett sitting down with our own becky quick. this isn't the first time bust has bashed a speculative industry with sky high valuations take a listen to what the oracle of omaha said about internet stocks 20 years ago. >> i would say there's no one here that can understand some new internet company i said at the annual meeting this year if i were teaching a class in business school, at the final exam i would pass out information on an internet company and ask each student to value it and anyone who answered, i would flunk. >> go gators, by the way >> that's what papa told university students in 1998. internet stocks have come a long way since then since the tech sector makes up a large percentage of the s&p 500. is this deja vu? is buffett right about crypto? or does one of the greatest investors of all time have it gone bk, you're going to say yes, he has it all wrong >> you know what, i'm not going to say he's got it all wrong there are parts of the crypto market that are in a speculative frenzy you're getting valuations in som

elizabeth warren and mark warren have some new legislation they are proposing security for data. that's all coming up from washington today. alix: really looking forward to mr. moniz. here is what you need to know. sell u.s. assets. that's what happened when china came out and said they would be not buying any more u.s. treasuries. s&p futures took another leg lower on that news. the dollar took another leg lower since november. treasury yields took another move higher on that news as selling persisted. 2.6% is how we trade on the 10 year. a stones throw away from what jeffrey dunlop says will make the bear market in bonds final. crude over $63 a barrel. really skeptical if that can hold. time for our first take. jeffrey dunlop warning on the s&p and finally oil and 80. i say no way. i don't understand it. is is cory johnson and lisa abramowicz. let's take a look at what happened to 10 year. a huge move as i'm leaving yesterday and then we kind of moderate and then you wind up having china say they might stop treasury purchases. 11 basis points in two days. is a pretty big move a

thank you for that warren buffett announcing two new vice chairs on "squawk box."e will talk to john rogers and then house majority leader kevin mccarthy will update us on the progress of a spending bill to avert a government shutdown. >>> and we'll talk stocks by katie stockton back by popular demand she's been so right about this bull market. you're watching "squawk box" on cnbc tomorrow, it's a day filled with promise and new beginnings, challenges and opportunities. at ameriprise financial, we can't predict what tomorrow will bring. but our comprehensive approach to financial planning can help make sure you're prepared for what's expected and even what's not. and that kind of financial confidence can help you sleep better at night. with the right financial advisor, life can be brilliant. like you do sometimes, grandpa? and puffed... well, when you have copd, it can be hard to breathe. it can be hard to get air out, which can make it hard to get air in. so i talked to my doctor. she said... symbicort could help you breathe better, starting within 5 minutes. symb

chairmanly hay, senator warren are both here and senator daines, if it's acceptable, to senator warren, would you like to go first? senator warren: you want me to go first? sure. fine. i'd be glad to. i have plenty i want to say and that is that the united states should not be in the business of warrantless searches of drag nat surveillance of american citizens. i am here today to join my colleagues, republicans and democrats, because we need reforms to our intelligence programs to achieve two goals -- first, better protections for americans' privacy and, second, more accountability and transparency. i am deeply troubled by the trump administration's reckless disregard for the rule of law and repeated attempts to throughout our constitution. but i want to be clear about this issue. opposing warrantless mass surveillance is not a partisan issue. it is not just about which party controls congress or which party controls the white house. that's why i am glad to be here today with people from both sides of the aisle. the section 702 program was passed because our intelligence community nee

rebecca, what would you like to hear from senator warren? >> as a mixed native woman, i get to relive the squareio types elizabeth warren -- relive the stereotypes. we are not fractioned of imagined indians who used to exist. what i would love to see elizabeth warren do is take responsibility for her false claim. she heard a story while growing up. she has been presented with a lot of evidence to realize it's not true. there are a lot of people who are confused who think they are cherokee when they don't have cherokee relatives. jesse: she was applying for jobs at university and claiming she is a native american. and she continues to claim native american heritage long into her adult lifetime. it's not just a mistake. this is something she did intentionally. >> despite many native people and cherokee people coming forward and asking her not to do that. a cherokee geologist traced herd heritage to well before the trail of tears and she doesn't have a single cherokee ancestor. the fact that she hasn't responded shows that today we have native

stuart: they are, senator warren. joining us now is harder than on the trump for president campaign. can you believe that? a leading leftist democrats saying these voters. >> how dare people get raises. turn into question, are you going to take them back? >> they will take them back. democrats have been exposed. democrats used to be, because i'm a former democrat, used to be the party of the working class. they promised they were going to provide relief to working families and now the policies of a republican administration are finally providing with the two americans after eight years of just unbelievable pain in the american middle class. as was mentioned over 133 companies are providing raises, bonuses, higher pay for consumers. mrs. elizabeth warren has been exposed to the double standard. she's not interested in providing relief to the american middle class. she's interested in paying because she wants to leverage that for her own political well-being. the president successes in her success. stuart: here's anothe

senator warren, tell us about this bill? >> you remember back in september that equifax permitted more than half of all adult americans to lose their personal financial data, so now crooks out there have phone numbers and addresses and previous addresses, and we had a hearing in banking and asked a lot of questions about it of the former ceo of equifax, and we found out equifax might make money off the breach. >> how is that possible they might profit and were never punished? >> exactly. they sell all of these protection products. senator warner and i decided this was fundamentally wrong and we are introducing a bill today to say that when a credit reporting agency let's your data be stolen, that there are substantial automatic penalties that go into place and there's money that automatically goes back to the people whose data has been stolen. >> senator warren, how would your bill have changed the situation with equifax? >> remember in the equifax breach, there's a unique nature of the credit reporting agency. they basicall

>>> and then there were two. 87-year-old warren buffett is one step closer to naming his successor after elevating two key figures at his sprawling conglomerate. > newman's own tax trouble. the well-known brand faces a 200% tax hike and a lot of questions now about its future. those stories and more tonight on "nightly business r for wednesday, j >>> good evening, everyone, and welcome. stocks faltered a bit today after a strong start to the year. the s&p 500 and the nasdaq closed lower for the first time in 2018. some are attributing the decline to good old fashioned profit taking. others pointed to nervousness that higher inflation could force the fed to be more aggressive when it comes to hiking interest rates. the result was a drop in stocks. the dow fell 16 points. the nasdaq was off ten. and the s&p was down three. investors are paying more attention to the bond market these days. yields have been rising. that could usher in big changes for stocks and the economy. steve . >> reporter: interest rates are rising, presentin a challenge to economic growth and to the stock market. but s

courtney cukube and michael warren.he first week back at the pentagon in 2018, what do you think was the dominant story of the week? >> tphoebg tphoebg, i would have to say, hugh. kim jong-un talked about how crippling the sanctions have been in this country. he made an overture to south korea saying he was willing to talk to them about the olympics specifically, about the potential for north korea to send a delegation to pyeongchang which begin in a couple of weeks. that led to south korea extending an invitation to north korea to actually speak. it's been set for january 9th. of course there's still some staff work that has to happen before that actually occurs. but it's looking promising that there will be discussion between north korea and south korea. they have already also opened up this line of communication that has been closed several years now. it's just a telephone. but i don't think most people realize when north korea and south korea communicate back and forth with one another they use a bull horn. i was in

i know -- i know warren. going to do "boogie nights." i sent him the script and asked him to be in it, yeah. [ cheers and applause ] >> jimmy: what part, the burt reynolds part in the movie? >> that's what we talked about, having conversations about him doing the film. i realized a couple of weeks into it there was a bit of confusion that he thought that i was asking him to play dirk digler. [ laughter ] but you know, you're in your 60s. he's like, i know, but i think i could do it. >> jimmy: well, that would -- hey, maybe years down the road a 60-year-old -- well, that's unbelievable. he wanted to play dirk digler, that's crazy. did he ever see the movie and talk to you about it afterwards? >> he, did he really enjoyed it, he thought mark did a good job. >> jimmy: those two, they're so interchangeable, i mean, really. did you start making movies when you were a little boy? >> yeah. >> jimmy: running around with a camera? >> yeah. >> jimmy: what kind of camera did you have? >> we had a few. i started out befo

but democrats nancy pelosi and elizabeth warren still dismissing the tax cuts. now saying the news of companies giving back insignificant but we're going to show you the very important thing that these democrats and others are not saying they would do with the tax cuts. we are holding their feet to the fire. all this after the nation's biggest retailer wal-mart today said it too will give back to workers because of the republican tax cuts and despite media reports, both republicans and democrats and congress do see a path forward on comprehensive immigration reform that includes a border wall. we've got the details and the sources more on that coming up and more news on the government surveillance front, that's factored big in the trump campaign being spied upon. the house just renewed today a key government spying program that is headed to the senate for a vote but that bill still lets the fbi without a warrant and other intelligence officials as well, when national security is involved. we're bringing you an all-star guest line up to react including economist

. >> bret: up next next, democrat senators elizabeth warren and mark -- last year's big equifax data breach. here's what some of our affiliates are covering. fox 6 in birmingham. toyota and mazda announced huntsville, alabama, production plant. it will employ 4,000 people. it will build three and a thousand vehicles per year starting in 2021. fox 45 in baltimore, as maryland's republican governor announces a push for term limits for state lawmakers. larry hogan saying he wants to limit what he calls career politicians to try to fight corruption. my look at new york from our affiliate fox 5. one of the stories they are covering tonight, a large chunk of ice balls from the building in manhattan and crushes the roof of a parked vehicle. happened yesterday in soho. no one was hurt. the city is advising property owners and contractors to secure properties during snow and ice melt conditions. that's tonight's live look outside the beltway from "special report." we'll be right back. . with an ingredient originally found in jellyfish, prevagen is the number one selling brain-health supplemen

now jeff is teaming up with other men, jamie, and warren now, jeff, jamie and warren are taking on the whole health care system that is creating a company and i quote, free from profit making incentives and constraints. that's right, free from profit making incentives. it is bad enough that the most important man in finance, most important man in retail are tackling our health care system but even worse, doing it for free hard to compete with somebody who doesn't care about turning a profit last year warren buffett came on and said health care has gone from 5% gdp to -- to be fair medical science has gotten a lot better buffet sounded angry and frustrated especially since he didn't see anything on the horizon. now, that is going to change now there is something on the horizon. a company of his own creation with the most technologically savvy provider analysts are not freaked out enough frankly they like their companies before this and they still like them as if nothing happened. no analyst wants to say, i have been following it forever and you can forget about them. and you know, no co

investing in things that warren buffett can touch. an interesting union as well. david: warren buffett thinks he missed out on a big opportunity with amazon originally. he should have gotten in a at the ground level and he missed that. he has been more open now to investing in tech. he has invested in apple. alix: what do you make of the news? >> exact same thing as david. i think back to something that --eron kreis has pointed out amazon is a really expensive public good. we have seen the market caps they gain or that the acquired company gains generally is exceeded by the drop in the competitors and this kind of crystallizes. they are not trying to make a profit here. this is just something that should eat away at margins and revenues at other places presumably and when you team up with the likes of jpmorgan and berkshire to do this they don't have a motive in this industry but they have a lot of runway to succeed or fail and they are defining success differently than other companies in the space would be. david killed the one thing you can know is right now tod

. >> well, warren, want to thank you very much for joining us today. charlie, thank you for calling in it's a pleasure talking to both of you we truly appreciate your time and joe, we'll send it back over to you. >> thanks for that and thank you to warren and charlie, that was great. we've dwgot to go. "squawk on the street" is coming up right now ♪ ♪ >>> good wednesday morning, i'm carl quintanilla with jim cramer and david faber. pressure on interest rates put pressure on the futures as names like buffett on our air a few minutes ago weigh in what it means for the stocks reports that the chinese have suggested slowing or halting purchases of u.s. treasuries roadmap begins with the pause, a decline in the open and s&p in '18 best start in 30 years. >> buffett on the market, succession planning at berkshire, stocks not richly valued and remains a buyer but not of bitcoin. >> tech under fire a powerful gop senator demanding answers from apple good battery gate the s&p is off to the best start since '87 and buffett says markets are not richly valued acco

. >> did you hear the warren buffett interview? >> it sounded like he was selling to me. >> it sounds like there will be big news about ibm not good >> it sounded like part of that was for taxable reasons, that's not necessarily a bad thing. >> okay. >> secondly, he bought that

in virginia, warren, fauquier, page, culpepper, frederick and clark county two hours late. falls church city schools are on a two-hour delay. in maryland, calvert, charles, allegheny and frederick county schools are on a two-hour delay. >>> now to the closures in virginia. spotsylvan spotsylvania, prince william, westmoreland, stafford, fairfax, loudoun, arlington county

that is the area where i have chosen to take the wealth created through microsoft and warren buffett has been so generous in providing. i understand that money can be very well spent.

. >> did you hear the warren buffett interview? >> it sounded like he was selling to me. >> it sounds like there will be big news about ibm not good >> it sounded like part of that was for taxable reasons, that's not necessarily a bad thing. >> okay. >> secondly, he bought that because of the buyback my view on this is what's the catalyst that will move ibm shares higher? they are huge in the two biggest tech trends we have coming up, ai and blockchain. why wouldn't you want some of your portfolio to be in that ibm does not get enough credit for that therefore that's why it's cheap and why i think it's going to get more expensive and this is bk is on to something, tim gave him cukudosn it a week and a half ago maybe they've finally turned this thing around and it's very difficult to be short this stock in this environment into earnings when they potentially have so there's a very good chance ibm, i can't believe i'm saying this, will continue to run into earnings, i think it's 2 1/2

i am pleased to introduce senator daines. >> thank you senator warren. as americans we are grateful we are born with certain rights outlined in our constitution under the bill of rights. one of them is protection from unreasonable searches and seizures for the right to privacy. i think if we were able to speak with james madison or thomas jefferson today and roll out the terms email, metadata, a cell phone, they have no idea what we are talking about. trying to think through the provincials of our constitution, if we told them that meant our government could take information from us citizensor perhaps a letter without a warrant , framed this in a way i think madison and jefferson would have significant concerns over what's going on right now with section 702. this week the senate will attempt to pass a bill that misses the mark on protecting thisfundamental constitutional right . in response to attacks on american citizens and the values our nation stands for, the government has changed the way it tracks down terrorists . fisa is one of those changes whi

elizabeth warren is in on that bipartisan gathering of senators. jonathan? >> sarah sanders, the white house press secretary tweeted a few moments ago. i'll read it. it says democrats can't shutdown the booming economy. are they co now so desperate they'll shutdown the government instead. and #schumer shutdown. even though republicans control all the branches of government, that this was going to be blamed on the democrats. and we know the president has been telling allies in recent days he feels the same way. we heard him mention it yesterday in pennsylvania before that event, and he believes truly that this is going to be their fault and not his. it's a president who shall we say is reluctant to sometimes take responsibility when things don't go well. the buck stops here, a sign that's not on his desk. but it shows you the political fight that's brewing over this is perhaps the unrealistic expectations of republicans that democrats are going to get to blame even though most polling suggests otherwise. >> well, you make a great point there. and just for one

burr: senator warren. sen. warren: when a public health emergency hits, it's all headlines about what is happening by a minute by minute or hour-by-hour basis. you do not get news alerts on your phone about the years of hard work that went into making the response to the disaster actually work when everything was on the line. all the drills and the dry runs you do not get news and training. i understand -- these are the investments that we have to make in our nation's preparedness and response capabilities if we are going to be ready when an emergency strikes. i'm going to talk about one specific investment today and that is investing in the therapies or medical counter measures that save lives when disaster strikes. vaccines for anthrax or ebola or influenza products, protecting us from radiation exposure, next generation antibiotics, congress in 2004 established a program called bio shield. i want to just dig in a little bit about this program. the idea was to accelerate development of medical countermeasures

>> senator warren, let's move it beyond just the dreamers fix.unded yesterday of possibly having a clean dreamers fix along with down the road comprehensive immigration reform that could at least lead to legalization, legalized status, and also what republicans have been asking for in return, stronger boarder enforcement in the future? >> i think it is a possibility. i would like to see it and i think mark would do. a lot of democrats and republicans, too, not just democrats, a lot of folks would like to see us do comprehensive immigration reform. we understand there has to be give and take on that. but the president has created a crisis for 800,000 young people, and it is absolutely critical that we get this problem fixed first. every single day that goes by young people are losing status as it's called which means they're subject to being deported by i.c.e. it means some of them they cannot legally show up for work any more. so the whole notion that we put that off is wrong. we've got to take care of the dreamers now and try to build on that to

as warren buffett said to me. he said i said this many times. looks at me, and he goes i have to tell you. the stock market is a device that transfers money from the impatient to the patient. he says if you stay patient, and you stay -- he says, look, tony. get in the market. here's what i tell people. stay there and do nothing. >> a thanks to tony robins. this special edition of wall street week returns right after this. >> up next, bitcoin mania. what did jeffrey think about it before the value went to the moon? find out when wall street week returns. narrator: eva-marie smoked 12,000 packs of cigarettes over 15 years. she quit and now there's a new lung cancer screening that could save her life. you stopped smoking. now start screening. no matter how much you smoked, early detection could save you. talk to your doctor or learn more at savedbythescan.org maria: what to say about bitcoin. it has been a curiosity and mystery for a while now. but only did this year did its value start to rise at a stunning rate. in october, i sat down with billio

it's owned by warren buffett.at is a great tale of how a company reinvents itself continually and is now looking to people who hate what its shoes do. it's a great story. carol: are you a runner? megan: do i look like a runner? no. julia: we all claim to be that. >> one of the things i found interesting when working on this story is that there are sports and athletic industries that track this stuff and since 2001, 13 million people have taken up running, the equivalent of the state of illinois. carol: let's talk about why you were writing about this company because i told you i had never heard of them and my husband had a foot injury and he bought one of these a year ago. who are these people? this is a company that has had, it has been around for a long time, give us a history. it had troubles but it's really come back strong. >> it's been around since 1914, but it's been owned by many different people throughout the years. carol: private equity, right? >> yeah, so they started making baseball cleats and victori

amazon founder jeff bezos and billionaire bff warren buffett along with jamie dimon reveals a plan to revolutionize health care, and in doing so, put the entire health care sector in the emergency room at this hour. multiple subsectors from insurers to drugstore chains to big pharma painting the broader markets a deep shade of blood red. president loves to watch the stock market, not sure he's loving this first major sell-off of 2018 coming just as he gears up to deliver very first state of the union address to the american people, scheduled for six hours from now. we know that he is rehearsing for the big speech as we speak. no doubt ready to take a big victory lap as the job market, the stock market and tax reform have done great things so far for the country, but could today's sell-off inspire him or force him to make any last minute edits? >>> plus can he deliver a plea to both sides of the aisle in order to kick his 2018 economic agenda into full gear? fair and balanced. we'll hear from two congress members in leadership positions who will be front and center at the state of the

. >>> warren buffet, my man's stil >> a billionaire flipper. >> the billionaire investor said he's not going to give up his phone even though apple ceo tim cook tried to convince him. buffet isn't alone. in 2016 more than half a million flip phones were ship globally. i think topper still has a flip phone. >> i had a flip phone the longest and i was like doing the thumb thing and then after awhile i was sort of in the corner looking at people looking at me like maybe i need to get a smartphone. >> warren buffet's now out there texting people. we're getting ready for the nba all star game. >> and right after the break, saying good-bye to cash. why more businesses are going plastic only. there are 7 continents. 7 seas. but at celebrity cruises we'd argue, for a limited time, enjoy two free perks like complimentary wifi and drinks, plus savings for everyone in your stateroom, when you book now. during the celebrity cruises sail beyond event. >>> let's get you the results of tonight's poll question. do you

jeff bezos, warren buffett and jamie dimon are getting into health care.e hathaway and morgan are looking to provide tech solutions for health care at a reasonable cost. will eventually be used to challenge long-held industry norms and at the heart of the partnership is a solution to the rising health care for companies. cory johnson is in new york with a special guest. one of the important companies that is looking at this business is collective health. his self-insurance possible? i am here in new york and we can talk things to the magic of technology. technology make providing self-insurance for these companies possible in a cheaper way? is technology to key year? -- here? >> you can't really have one function well without the other. it has been our belief and experience that technology can drive the change in the health care industry more broadly. yes, absolutely. these are smart guys, jamie dimon, warren buffett, jeff days us. -- bezos. i figured out what they will do. here's what i think might happen, amazon might think about getting a license to pro

it's almost impossible to interrupt elizabeth warren. >> that's true. >> who says when warren gets interruptedeople go crazy in the media? even the pocahontas thing gets laughs, that's about as offensive as you see. the president gets away with that on the regular. >> here is the deal. cory booker was grandstanding, lecturing her, didn't give her a chance to respond. it was disrespectful. he's auditions for 2020. oprah just got the headlines. now he got them. >> i'm not quibbling with your points. there's always politics being played, no question. it's just interesting. this woman nielsen is in charge of keeping the rest of us same, the homeland security secretary. >> completely qualified. excellent at her job. >> that was a tough day for her. we'll see what it brichks out in the wash. one thing's for sure, she can handle herself. >> she sure can. >> ronna mcdonnell, thanks for being with us. you're always welcome on the show. >>> thanks for having me. >>> let's get after it. >> everybody else in america has a budget except the united states government. it's embarrassing. >> we want to do ever

warren: we hope. dr. inglesby: it's going to be and stockpiles and we need sustained investment in those companies to get them to do those work. sen. warren: project bio shield got $5.6 billion. congress decided in advance that it would spend that amount of money. they do not come back every year period tot ten-year decide to put the money in as promised. that changed in 2013 when the initial 10 year commitment ran out. project by a shield had to get its funds set aside on a yearly basis like everyone else on appropriations process. you worked in the bio security field at a company that makes flu vaccines. the authorization levels for project bio shield, that's what congress says we could spend on it, have state exactly the same since 2013. is that right? mr. macgregor: since 2013, the authorization -- sen. warren: authorization stays the same, but appropriations levels -- did congress actually get that money out the door to you? mr. macgregor: no. for bio shield, the authorization was $2.8 billion so tha

warren: you've been pushing on raising the level from $50 billion to $250 billion. wif you think that means we wil be taking on more risk, i wish you would tell us so. banks have record profits right now. they are rolling in money. they just got a giant tax giveaway. they've got even more money. they don't need another chance to blow up this economy. thank you, mr. chairman. >> thank you for joining us once again. let me stay on this topic -- i think an important point that here, thesestressed yea banks that are $50 billion to $250 billion that would no longer be automatically designated as cities, they are heavily regulated anyway. , iside of this designation it not true that all of these banks are subject to a huge raft of regulations that have nothing to do with the designation? sec. mnuchin: that is true. in many cases, they are regulated by four different entities. >> multiple regulators. these banks now have huge capital standards. the industry is heavily capitalized. they have very high liquidity requirements, new requirements that didn't exist prior to the c

other than the amazing warren buffett who advocated against this morning when being interviewed by beckyuick a long-term approach, he advocated, let's go long-term where equities tend to perform well versus the bond market competition. most money managers want to talk about what can go wrong. even directly contradicts what they claim to be hoping for, not that long ago. buffett is so returns precisely because he doesn't react with alarm to nonalarming things. and he's been in the business long enough to know there is nothing wrong with buying stocks right here right now, i'll go one step further in a way i'm glad these cassandras are out there driving the market lower because they're going to give you a better entry point for your 401(k) or your i.r.a. the bottom line, don't be careful what you wish for, when good things happen embrace them. there's a cohort of money managers out there who need stocks to go lower and they will say anything to make you feel afraid they are the anti-goldilocks crowd. nothing is ever right for these people it's always too high or too low and definitely poin

as warren buffett said to me. he said i said this many times.ve to tell you. the stock market is a device that transfers money from the impatient to the patient. he says if you stay patient, and you stay -- he says, look, tony. get in the market. here's what i tell people. stay there and do nothing. >> a thanks to tony robins. this special edition of wall street week returns right after this. >> up next, bitcoin mania. what did jeffrey think about it before the value went to the moon? find out when wall street week returns. ♪ (news anchor) downtown traffic is still bad. expect massive delays. (news anchor 2) all lanes on highway 50 remain closed at this hour. (news anchor 3) the stats are in and this city leads with some of the worst traffic, with the average driver sitting in gridlock the equivalent of three days a year. for every hour that you're idling in your car, you're sending about half a gallon of gasoline up in the air. that amounts, over the course of the week, to about 10 pounds of carbon dioxide. growth is good, but when it starts im

as warren buffett said to me. he said i said this many times.looks at me, and he goes i have to tell you. the stock market is a device that transfers money from the impatient to the patient. he says if you stay patient, and you stay -- he says, look, tony. get in the market. here's what i tell people. stay there and do nothing. >> a thanks to tony robins. this special edition of wall street week returns right after this. >> up next, bitcoin mania. what did jeffrey think about it before the value went to the moon? find out when wall street week returns. i know when i hand them the keys to their first car it's gonna be scary. but i also know that we're gonna have usaa insurance for both my boys. it's something that they're not even gonna have to think of. it's just gonna be in the family. we're the tenneys and we're usaa members for life. but when we brought our daughter home, that was it. now i have nicoderm cq. the nicoderm cq patch with unique extended release technology helps prevent your urge to smoke all day. it's the best thing that ever ha

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as warren buffett said to me. he said i said this many times. to tell you. the stock market is a device that transfers money from the impatient to the patient. he says if you stay patient, and you stay -- he says, look, tony. get in the market. here's what i tell people. stay there and do nothing. >> a thanks to tony robins. this special edition of wall street week returns right after this. >> up next, bitcoin mania. what did jeffrey think about it before the value went to the moon? find out when wall street week returns. returns. ♪music ♪yea, you can be the greatest ♪you can be the best ♪you can be the king kong ♪bangin on your chest ♪you can beat the world you can beat the war♪ ♪you can talk to god while bangin on his door♪ ♪you can throw your hands up you can beat the clock♪ ♪you can move a mountain you can break rocks♪ ♪you can be a master don't wait for luck♪ ♪dedicate yourself and you can find yourself♪ ♪standin in the hall of fame ♪yea ♪and the world's gonna know your name, yea♪ ♪and you'll be on the walls of the hall of fame♪ ♪you can be

as warren buffett said to me. he said i said this many times.device that transfers money from the impatient to the patient. he says if you stay patient, and you stay -- he says, look, tony. get in the market. here's what i tell people. stay there and do nothing. >> a thanks to tony robins. this special edition of wall street week returns right after this. >> up next, bitcoin mania. what did jeffrey think about it before the value went to the moon? find out when wall street week returns. returns. ♪ prices of the season' on the only bed that adjusts on both sides to your ideal comfort your sleep number setting. and snoring? does your bed do that? it's the lowest prices of the season on the queen c4 mattress with adjustable comfort on both sides. now only $1199, save $400. plus, 24 month financing available. ends monday. visit sleepnumber.com for a store near you. i realize that ah, that $100k is notwell, a 103fortune. yeah, 103. well, let me ask you guys. how long did it take you two to save that? a long time. then it's a fortune. well, i'm sure y

warren?lins: senator sen. warren: thank you for holding this hearing. it is very important. you have come up with good things for us to talk about. today's ago congress passed a short-term budget that will keep the government open for another three weeks. i believe we need to look beyond the bare minimum and stop lurking from crisis to crisis to keep the lights on. this is a moment for us to focus on our core values and choose carefully about what we invest in. i with members of this committee believe the government should invest in our seniors. that starts with making sure the social security administration offices are fully funded so that seniors can get their hard-earned sosa security checks when they -- sosa security checks when they turn 65 and enroll in medicare. -- ssa has actually a budget for staff and other resources. can you say a word about what social security and ministries in does -- administration does with the money? >> i would be happy to. we have over 1200 field opposites across the country and dedicate over 56% of our entire budget to staff. that is peopl

think itsiness leaders is necessary, warren buffett says the u.s.ealth care system is a tapeworm on the u.s. economy. the cost is ballooning. what does the u.s. spend on health care versus the results that it gets? -- the unitedcan states of america spends 17%, 18% of the gross amount of product on health care -- gross domestic product on the health care while france or germany with better results in terms of life expectancy and so on, spend about 12% or 11 point something percent, not mention the united kingdom with 9%, 10%. the prices for health care, medical customizations, surgery, 5% increase of 4%, 5% increase in the five recent years, far more than the increase in the economy. there is a gap between the capability of the people to pay for health care and the cost. therefore, there is a need for a new model. the willingness of president obamacare, i will not get involved in the american policy,, but there is a big discussion how to make most, if access toericans with quality care. >> once the announcement came out, we saw $30 billion come off