so warren was -- warren hated nixon. just hated him. going back to the politics of california in the 50s. and he just could not believe that richard nixon was going to name his successor. but that, of course, is what happened. yes. >> first of all, thanks for being here. you taught me in 2012. i have a two-part question. one, the praeft language or the court language in all one or the phrasing that your research in this book, did you come across anything that gave you insight into whether or not the chief justice's expectation time frame was met by using that frasor was it just appointed with speed or lack thereof in instituting the change. and if you would maybe share a little bit of discussions in class that you had about the importance of that unanimous decision versus maybe the lack of unanimous decisions in the current supreme court with the contingency issues. i just appreciated that in class and wondered if you would share that. >> thank you. it was frankfurter's rights which he listed on an early opinion of justice oliver wendel

elizabeth warren. >> good afternoon, everybody. thank you very much, nice call and response. it is my great honor to introduce our next speaker today, the persistent sen. elizabeth warren. [cheers and applause] >> mitch mcconnell and republican colleagues stopped her from reading loretta scott king's warnings about jeff sessions on the floor of the senate and what sen. mcconnell said at the time was the very dismissive words she was warned, she was given an explanation, nevertheless, i am thinking you'll want to see the next three words, she persisted. sen. warren did persist and she read karen a scott king's letter to millions on facebook live and mitch mcconnell's smug victory lap, we got her, turned into a meme as you know. how many of you have seen that meme and tweet? how many have seen it on t-shirts? how many have the t-shirts? there you go and how many have a tattoo? the whole idea of persistence is an apt description not only of that moment but elizabeth warren's career and life. early marriag

senator elizabeth warren. [applause] >> hello aclu! all right. i am so p to her with you this afternoon and i want to say a very special thank you to your extraordinary leader susan herman, thank you susan for all you do. i also want to give a shout out to a person who has shown deep appreciation and commitment for the fight for justice. anthony romero. anthony, wherever you are. [applause] i also know that out there we have some full from aclu in massachusetts out there. massachusetts aclu? okay. let's be blunt. our democracy is under attack. voting, and impartial judiciary, free press, the rule of law,the foundations of our democracy are under attack every single day . under attack but not lost. i look out here and i see thousands of deeply committed women and men. people of every race, gender, religion d color. people committed to building a better future. i look out here and i see donald trump's worst nightmare. [cheering] so today, i want to talk about the fight to save our democracy. why we fight and who we are fighting for. like a lot of p

what i told senator warren that they would like to ask you all to ratify.old her the aclu always stand to protect her freedom of speech. what do you think? [applause] what i would like to do now is to invite senator warren to the stage to exercise of freedom of speech right here and now. senator elizabeth warren. [cheers and applause] ♪ ♪ >> hello, aclu. [applause] >> all right. i am so pleased to be here with you this afternoon, at a want to say a very special thank you to your extraordinary leader susan herman. thank you, susan, for all you do. [applause] >> i also want to get a shot of to a person who has shown deep appreciation and commitment for the fight for justice, anthony romero. anthony, wherever you are. [applause] i also know that out there we have some folks from aclu and achuse out there. massachusetts aclu? good, okay. all right. let's be blunt. our democracy is under attack. voting and impartial judiciary, free press, the rule of law, the foundations of our democracy are under attack every single day. under attack but not lost. i look out he

investor warren buffet and j.p.n ceo jamie dimon speaking out in their first ever television interview toke. they weigh in on a lot of things, including the marks and the state of the economy >> consumers are in good shape, balance sheet, wages are going up their debt levels are low. all the credit ridden since the great reception other than student lending was done by the government large corporate credit, business sentiment is almost the highest level it has been. consumer sentiment at the highest levels, housing is in short supply my guess is mortgage credit will expand a bit it looks pretty good there is nothing that's a real pothole there. we don't have the leverage we had in 2007. so maybe it's been a nine-year recovery, it's been owned 20%. average recovery would have been like 40% growth over more like a seven or ache-year period. the slack is being pulled up it may be it's a long delayed cycle, sentiment grows, recovery from the great recession, that you may very well be user growth i hate to forecast the f

>>>am warren buffet and dimon are setting out to dismantle one of the bedrocks of tradition. the two powerful business leaders are urging companies to stop iuing short-term guidance and instead focus their thinking on the long term. becky quick spoke with both of them exclusively and b started asking mr. dimon why he thinks this issue is so important. >> we all feel a tremendous obligation to diver in the long run, to build great companies and that, therefore, corporate governanc important. and one important step, i learned this by listening to s warren,ome of the ills and problems of people making short-term forecasts, particularly quarterly ar forecasts,ngs forecasts, not transparency, openness, not having quarterly reporting. it can often put a company in a position where management from the ceo down fls obligated to deliver earnings and therefore may do thingsthat they would otherwise have done. so if you have a good board, you know, the board will say if you have a great invention opportunity, you say it's going to cost me anothhu couple red dollars this quarter, someone

it would be a big day if we only had an interview with warren buffett. we have buffett, one of the most famous investors with jpmorgan's ceo jamie dimon, one of the world's most powerful banker. >> i believe this is the first time you have ever done a tv interview together. >> i'm thrilled to be with you, becky and warren. >> it's a "squawk box" exclusive and it all starts right now. ♪ >> live in new york where business never sleeps this is "squawk box. >> good morning, everybody welcome to "squawk box" here on cnbc we are live from the nasdaq market site in times square. i'm becky quick. our guest host for the hour is steve grasso, a director of institutional sales at stewart frankel and steve thank you for being here. >> good morning. thank you for having me. >> we'll talk about short termism and what investors really want to see you'll join in on the conversation in a moment. >> can't wait. >> let's talk about the u.s. equity futures and yesterday was a big up day for the futures you'll see this morning the green arrows are continuing once again. dow

it is my great honor to introduce our next speaker, senator warren. [applause] of most of you know mitch mcconnell and his colleagues. senator warren from taking about attorney general sessions and said she was born and given an explanation but nevertheless she persisted that she read caretta got a letter and victory lap how many of you have seen that on the tweet revieonwas the t-shirt? how many have seen the tattoo? i think the whole idea of persistence is not only of that moment but of her career and life. early marriage and motherhood made it a challenge but nevertheless persisted including 20 years of teaching to become a bankruptcy loss all are. it was a vested interest in financial institutions but nevertheless persisted in the bureau was founded in 2012 senator warren led against a popular income and estate that never elected a woman asked senator, nevertheless persisted and she one. and today persisting to be a bright spot in the congress that is a black hole for civil liberties. among those sponsoring the bill to reform outdated marijuana po

buffett's comments, i think warren buffett is the problem. specifically, investors are the problem.very ceo i work with would love to invest in the long term and be more focused on strategy. miss your earnings by one cent and see what happens in terms of mr. buffett and the rest of the investment community a small number of companies have been able to bust out of this downward spiral of quarterly earnings and they have access to cheaper capital because of their vision the majority of companies are painted in a box by investors. and that is investors say think for the long term. be innovative. but don't mess with my earnings. >> it's not just investors, is it, scott? it's also boards, to some extent look at amazon amazon gives guidance. they give a wide range they set up front. hey, look, we invest for the long term. there will be ups and downs. sometimes there will be a profit sometimes there won't. perhaps they get that leeway because jeff bezos, the ounder is still at the helm that tends to go away when you bring in a second, third ceo is that the issue? because boards don't give

berkshire hathaway's warren buffett and j.p.gan's jamie dimon calling for guidance on quarterly earnings our becky quick talked to both dimon and buffett about taking the longview take a listen. >> the ills and problems of people making short-term forecasts particularly quarterly earnings forecasts, not transparency and not having quarterly reporting and it can often put a company in a position where management from the ceo down feels obligated to deliver earnings and therefore may do things that they wouldn't otherwise have done. so if you have a good board and you have a great investment opportunity and it will cost me another couple hundred million this quarter and someone like warren will say absolutely do it that's future earnings don't hurt your company because you try to meet the short-term things >> this is something you've been preaching about for a long time, too. what's an example of where you've seen it gone wrong? >> i've seen where companies get living by so-called making the numbers they do a lot of things that ar

warren: i rise today to speak in favor of the reed-warren amendment. for amongst *eufb -- months i have been voicing concerns about the trump administration's plans to use more low-yield nuclear weapons. this bill authorizes the pentagon to begin developing a new low-yield warhead which the trump administration wants to put on our nation's submarine-launched ballistic missiles. i think this decision is strategically unwise for many reasons. i am concerned about discrimination and the risk of rapid escalation into a nuclear conflict. as many experts have publicly suggested, russia may not be able to distinguish between an incoming trident missile that poses an existential threat to their nation and a low-yield nuclear missile that is intended to serve more of a warning. that may be a risk that this administration is willing to take, but it is not one that i can support. i am also not convinced that additional low-yield nuclear weapons are necessary for deterrence. let's be clear, together with our allies, the united states brings overwhelming nonnuclear

begin this hour with the bullish outlook with two of the biggest names in business and investing, warren buff felt and jamie dimon speaking exclusively on cnbc, their message, the economy is the strongest it's been in years. >> consumers are in very good shape. balance sheet, wages are going up, debt levels are low. all of the credit since the great recession, pristine, other than student lending done by the government more credit, small business credit, large corporate credit business sentiment is almost the highest levels it's ever been. consumer sentiment, highest levels >> right now, there's no question, it's feeling strong. if we're in the sixth inning we have number 3, 4, 5 in the lineup business is good >> what does all of this mean to your money and the markets let's debate with joe terranova, josh brown the brothers najarian are here also liz ann sonders, charles schwab chief strategist. pete, let's kick this around, if we're in the sixth inning of the economy as jamie dimon says what does that mean for the bull run? >> i think the extension past, as most of us are thinking in o

david: warren buffett still uses that flip phone.im: i told him i will personally come to omaha to do tech support for him. david: you exposed your own personal life a bit. tim: i thought i was making the wrong call. david: why is it called the apple watch? and not the iwatch? tim: i like apple watch. david: well, you are the ceo, so. [laughter] >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪ david: i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job running a private equity firm. how do you define leadership? what is it that makes somebody tick? [applause] david: quite a reception you got here. tim: i thought it was you. david: no, it is for you. you have now been the ceo of apple since july 2011. the earnings are up 80%. have you ever thought you can't do better than this and maybe you should just say, well, i have done a g

you and elizabeth warren i could watch the rest of the hour.uch of the real estate as you need. >> thank you, my friend. >>> the pres

one important step -- i learned this by listening to the warren. some of the ills and problems of people making short term forecasts, particularly quarterly earnings forecast. not transparency, not openness, not having quarterly reporting it can put a company in a position where management, you know, from the ceo down, feels obligated to deliver earnings, and therefore, may do things they wouldn't otherwise have done if you have a good board, you know, the board will say if you have a great investment opportunity and you say it's going to cost me a couple hundred million dollars, someone like warren would say doit that's future earnings we've been pushing on it warren's been part of the -- the one person ming it a real thing. we're hoping a bunch of companies drop it right away. >> warren, this is something you've been preaching about for a long time too. what's an example of where you've seen it go wrong? >> well, when companies get where they're sort of living by so-called making the numbers, they do a lot of things that really are counter to the

senator warren, welcome to the program. senator gard you've been here before. as we look forward to the g-7 and the summit next tuesday in singapore, do you think president trump deserves some credit for getting kim jong-un to the table? >> well, i certainly think president trump deserves credit. he's done more than the past two administrations to put the level of pressure that we needed to make this moment happen, to get china engaged a. i remain cautiously optimistic. we've been down this road before. we've seen promises made before and kim family promises broken. i hope that can change. >> dana: senator warren, i know the democrats sent the white house with a list of things that should be in an agreement and said to the white house, you're going to have to collaborate with the congress and consult with the congress before any deal is signed. what do you think of that? >> i think what happened with iran and the fact that the president backed out of the deal raises the question in north korea about are we going to get a deal that is as least the deal was as go

we've got senator elizabeth warren here tonight live and in studio. we're going to be joined momentito by the top democrat on the intelligence committee. we will talk about that a.g. lawsuit with both of them. but we will also talk about this report from the justice department. i feel like today, both from that new york lawsuit and from this i.g. report from the justice department, i feel like today with these two huge pieces of news we got information about possibly illegal or improper ways that this president got help in his presidential campaign. we also today, i feel like we finally got a ton of stuff settled. we got official determinations on so much stuff today that we have reported and discussed and fought over for more than a year now. there's a lot to get to. but let's start with the long-awaited justice department inspector general report into whether or not the fbi and the justice department followed the right policies and procedures during the 2016 election, when they investigated hillary clinton for having used a private e-mail server whe

warren buffett and j.p.teaming up the practice of two financial legends that save not only hurts business and t economy at large by focus on the short-term versus the long gains for companies but controversial recommendation sending tongues wagging across wall street is some of the jpmorgan chief's clostcolleaguee lly be the f potential turn to the oval office for mr. dimon. joining us with exc details on two big stories charlie gasparino. what are you hearing about this? >> sherra let's put the letter in context. e critique and the criticism of using quarterly guidance and wall street and investors a word about the next quarter and the notion of short-termism is not a new concept. in the game so you have to asksg about this three years ago in a big way. you have to ask yourself what motivated warren buffett articu? he is not at the end of his career. warren buffett is at the end of his career. what would motivate him to bring up this old subject and what i'm aring from friends close to jamie what they are t

we know it is kind of warren buffett's m.o. in situations of crises, but what did he actually see in uber to want to invest $3 billion? >> i think crisis is exactly right. there are echoes of sort of going into goldman sachs during the financial crisis, except this time, you know, uber is in a crisis of its own making, but it seemed sort of vulnerable and sort of a good opportunity to wear a company with sort of benefit having sort of warren buffett behind them. they were talking with buffett about different sized deals, potentially above $3 billion, and then there was a proposal for $2 billion, and ultimately it fell apart. mark: let's talk about rbs. big story today, the cfo has resigned, yes. ewan stephenson, a respected, four-year veteran, who piloted the bank through restructuring, has left the company. why has he gone? >> it is an odd time to announce it. i mean, rbs seems to be coming out of the woods after a decade restructuring from the crisis. it looks like the government will be able to sell its stake in the company,

it's pocahontas, elizabeth warren. she's not happy. she's the worst pocahontas. elizabeth warren?n leaders have said the president's use of pocahontas is a slur. i know that the native american community there in massachusetts is important to you, will be important to you if you are fortunate enough to be elected to the senate. will you call on the president and do what your opponent in the primary did not last week to stop using pocahontas as a racial slur and epithet? >> i don't think anybody should be using racist comments or name calling. we should stand up on our own merits in this race. and i think that you saw elizabeth warren last night in her convention speech where she said she gets under people's skin and so both sides are doing some of this. where she says she's just beginning. this hyperpartisan behavior doesn't help us in massachusetts here to create relationships in washington. so all of that should be off the table. >> beth lindstrom, great to have you this morning. >> thank you. >> all right. >>> so next hour, president trump is going to talk more about what exact

debt took over that was after the financial crisis the ordinary person who was not warren buffett who is not jamie dimon who is not lloyd blankfein the ordinary person the only debt they could access was from the government and student loans in the form of student loans there were also no jobs going around so you might as well go and get real. educated and learn a new skill and go back to university so a lot of people when everybody went that's been degraded by the way they're all sorts of big names now telling you that it's not actually worth. college degrees no longer worth the debt load anymore but nevertheless people can access that debt and then continue to feed themselves and house themselves using their student loans for the last few years well now they have a huge pile of debt right and that's with interest rates at historic lows you know the curve starts zero. it extends on the zero line for a few years and then none so you get to the fifteen to twenty year to start to kick up and then you get into what we call interest rate apartheid if you're on a student loan or a credit c

>> elizabeth warren. >> tucker: was at elizabeth warren? disney chief over worker pay. >> you talk about being a family oriented company well, we've got families right here. >> tucker: and your defense, kind of interchangeable, the new england socialists. not correct. it's 0-0 moving into the third question. here it is. an fbi agent found himself in hot water this week after he accidentally fired a gun into a crowd of bar patrons and drop someone. what was he doing when the gun went w off? >> tucker: we have to go to the judges. >> he posed first. >> tucker: you have to wait until i finish asking it. for some reason or does it done might judges say that's okay. with the answer, sean spicer? >> he was dancing. >> tucker: with a gun? i don't believe you. let's go to the tape. >> an off-duty anightclub danciy until his gun gets away. watch as the agent a goes for a backflip,, his handgun slipped loose, falling to the floor, and firing. >> tucker: there you go ask mike our judges say, it was the end of the question anyway. you got it. [laughter

it is warren buffett's ammo to top in situations -- m.o.uations of crisis, but what do you see in uber to want to invest $3 billion? >> crisis is exactly right. there are echoes of going into goldman sachs during the financial crisis, except this time, you know, uber is in a crisis of its own making, but it seems vulnerable, a good opportunity to where a company would benefit from having warren buffett behind them. they were talking with buffett about different sized deals, potentially above that there was $3 billion, a proposal for $2 -- and there was a proposal for $2 billion, and ultimately fell apart. mark let's talk about rbs. : the cfo has resigned, yes. a respected, four-year veteran -- four-year veteran, who piloted the bank restructuring has left. why has he gone? >> it is an odd time to announce it. i mean, rbs seems to be coming decadethe woods after a after the crisis. it looks like the government will be able to sell its stake in the company, and he's off. he's gone somewhere else. you can only imagine he has had a good offer f

lee price and that's what they strive for because that's what the number one investor in america warren buffett aims for he invests in companies that have predatory pricing power he himself has said that in his newsletters he's told people that's how i look at things that's how i best as anybody who is predatory pricing so first look at a headline looking at the end result of this and that is consumer debt is set to hit four trillion dollars by the end of twenty eighteen americans are in a borrowing mood and their total tab for consumer debt could reach a record four trillion dollars by the end of twenty eighteen that's according to lending tree a loan comparison website which analyzed data from the federal reserve anon mortgage debts including credit cards and auto personal and student loans americans owe more than twenty six percent of their annual income to this debt that's up from twenty two percent in two thousand and ten it's also higher than debt levels during the mid two thousand and one credit availability soared twenty six percent of income goes to service and these non mortga

based camp teaching kids about money from budgeting and saving to business and investing and even warren buffet that's our cover story today. >> i want everybody in here to have more opportunity and that's what warren buffet wants you to have too. >> she signed up 35 kids ages 8 to 18 for a camp that she called money matters for you. two decades later the program is bursting 200 campers and a wait list. local sponsors helped offset the cost. >> did you know what a stock was when you showed up at this camp? >> no. >> no. >> did they care how many kids want to spend a week of their summer studying finance. >> the first day i didn't know there was a uniform. i was like there's a uniform at this camp but after i got to learn and takeaway from things i was like i love it >> that was 8 years ago. claire jones has been coming back every summer since. >> it teaches you tings like etiquette and the financial market which i don't get taught in school which is a good experience. >> what have you learned so far that you'll take with you? >> budgeting how to manage your allowance and work and get awa

amendment offered by senator reed today is consistent with the compromise, and a vote for the reed-warren amendment is a vote to sustain that bipartisan consensus.

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amendment offered by senator reed today is consistent with the compromise, and a vote for the reed-warren

. >>> warren buffett and jamie dimon are teaming up in a tv first, our u.s. colleagues will speak to the sage of omaha and jamie at 12:00 p.m >>> good morning, again. welcome to "street signs." we were just talking about the delayed open of the ftse 100 you can see it's just opening up behind me about 40 points higher, about 0.5% roughly we have got a bunch of stocks going -- so that's taking off about ten points from the overall composite. but as you can see, the ftse 100 is starting off on a firmer footing. let's switch and talk about the action in europe this morning. of course we did have a stronger session in asia as well saw a bit of a bounce as far as the asian equities were concerned. this is seeping into europe as well u.s. we're talking about the dow breaking through 25,000 and of course this is beginning to impact european equities trading too. we were talking about the ftse 100. a bit of a delayed open but you can see that across the whole boards, everything is trading in the green. ftse also rebounding somewhat today, up 175 points 8% i want to p

. >>> pam, i'm warren out. -- i'm warren out. -- worn out. those games will also be between oakland and cleveland. >>> another -- in other news, we know about the death of a 75- year-old woman whose body was found in a stairwell at zuckerberg san francisco general hospital. the san francisco sheriff's office identified her as ruby lee andersen. and the autopsy will determine how and when she died. the hospital ceo says miss andersen was not a patient. she lived on the hospital campus at a residential care facility for seniors. her founder -- body was found 10 days after she left the senior citizen -- center. she said she would be back that afternoon. but she never came back. the next day, a missing persons report was filed. the sheriff's office started a search. on wednesday afternoon, her body was found by a hospital worker in a stairwell inside the power plant near the hospital. the building where her body was found, it's right across the street from the main hospital building. and the sheriff says deputies never searched that building. >>

the visit will take place just a da before mcmaster squares off against john warren in a runoff race. the winner will represent the gop in governor's race.

village perpetrates warren ramos has been charged with five counts of murder the thirty eight year old had a long standing feud with the newspaper after it reported a case in which she had been charged with harassing a woman he sued the paper for defamation but lost and set up a twitter account threatening some of the newspapers journalists. investigators say the gunman had barricaded the back exit before launching his assault. the rapid police response may have saved lives. they went immediately into that building without a moment's hesitation and demonstrated incredible courage that we are so deeply appreciative of their great work it could have been a lot worse u.s. president donald trump also responded to the shooting this attack shocked the conscious of our nation and filled our hearts with grief journalists like all americans should be free from the fear of being violently attacked while doing their job. the tight knit community of annapolis in mourning in shock but coming together as a future that turned violent sinks in. the first knockout round kicks off at the wall cup today

commission and they we now know, earl warren was, allen dulles certainly ran the warren commission and spoonfed information and even the cia felt they live and then information, still trying to get information from them about what happened. so that was in 63. 64, in the early '70s the church commission and the house select committee on assassinations concluded that there had been a conspiracy, prevent multiple assassins. they had a much broader array of information and they were able ast qio them.the cia and at i don't think anybody who seriously looks at it today, lee harvey oswald was the sole assassination of president kennedy, and my father did not believe that. >> wanted to talk a little bit about the civil rights movement because you mention just a few minutes ago when you talked about james meredith, certainly her father, your uncles each played a role to varying degrees in ultimately bringing about the civil rights act. i wonder what you think your father would make of the racial division that we see in our nation now, 60 years after all that took place? >> i think my father wo

time they then start having so much wealth that they create great works of public art the likes of warren buffett and bill gates today they publicly very publicly give huge amounts of money on paper anyway they say they were giving billions of dollars to fight malaria were giving billions of dollars to all these good causes and it does work you see a lot of people feel like warren buffett is caught only in a nice guy and why would you have any problem with his you know even he by the way his wealth he himself he states that publicly he said it in his shareholder newsletter that he looks for companies that have monopoly pricing. power it just emerged for example that he tried to invest three billion dollars and what is seeking by losing money big time right now is they're seeking to destroy all the competition in order to have monopoly pricing power ok but who created the wealth was. family or was it the artists of the renaissance so the artists of the renaissance created a distribution of power away from the feudal lords of the middle ages and so they had wealth distribution then the medi

warren buffett still uses a flip phone. exposed your own personal life a bit. >> i thought i am making the wrong call. >> why was the apple watch and not the eye watch? >> people would not recognize me if my tie was fixed. i just leave it this way. i don't consider myself a journalist. nobody else would consider me a journalist. of running ajob private equity firm. what is it that makes somebody take? -- take-- tick? >> that's quite a reception you have here. you have now been the ceo of apple since july of 2011. the earnings are up about 80%. penny of thought you can't do better than this and maybe you should just do something else with your life. >> we view the stock price and revenues and profits as a result of doing things right on innovation side, on the creativity side focusing the right product, treating customers like they are jewels. numberseven know the that you just quoted. that's not even in my orbit. >> when you announce your quarterly earnings, does that bother you? .> it did at one time it doesn't anymore. we

and don't miss warren buffett and jamie dimon. it's the first time they've sat down together for an interview don't miss it tomorrow at 6:00 a.m. eastern on "squawk box. directv now gives you more for your thing. get all the good stuff about tv without all the bad stuff. yes! you can still stream your favorite shows. yes! with no annual contract. wait, what? it's live tv. yes! with no satellites. what? and no bulky hardware. no bulky hardware! isn't that great news? yes! nooooo! nooooooooooo! try directv now for $10 a month for 3 months. more for your thing. that's our thing. visit directvnow.com what do advisors look for don't just track an index, help me meet a client's need. is the fund built to sell or built to last? etfs are only part of a portfolio. so make it easy to explain. give me a quality fund that helps me get clients closer to their goals. flexshares etfs are designed and managed around investor objectives. so you can advise with confidence. before investing, consider the fund's investment objectives, risks, charges

time they then start having so much wealth that they create great works of public art the likes of warren buffett and bill gates today they publicly very publicly give huge amounts of money on paper anyway they say that we're giving billions of dollars to fight malaria we're giving billions of dollars to all these good causes and it does work you see a lot of people feel like warren buffett is caught only in a nice guy and why would you have any problem with his you know even he by the way his wealth he himself he states that publicly he said it in his shareholder newsletter that he looks for companies that have monopoly pricing. power it just emerged for example that he tried to invest three billion dollars and what is seeking by losing money big time right now is they're seeking to destroy all the competition in order to have monopoly pricing power ok but who created the wealth was. family or was it the artists of the renaissance so the artists of the renaissance created a distribution of power away from the feudal lords of the middle ages and so they had wealth distribution then the me

want toy warren: you get tough on drug companies, said why. let's start with the president's promise. on may 30 the president said that in reaction to the release of drug prices, drug companies would be open to announcing voluntary massive drops in ."ices within two weeks now was two weeks ago tomorrow. the same day, senator smith and i sent letters to the top 10 drug manufacturers to see how many had lowered prices in response to the blueprint. responded, zero out of 10, that they have lowered any prices. zero out of 10. is there any indication they plan to do so? out of every 10 indicated prices would go up this year. which drug prices will be voluntarily lowering prices massively? for which drugs? how much will the american people save as a result? secretary er: there are several companies looking at substantial -- secretary acer: --re are several companies secretary a's are: there are several companies looking at that. secretary warren: so the massive decreases in two weeks have not happened and you do not have one lined up that will actua

playmate disney for corporate greed. >> elizabeth warren. >> tucker: was elizabeth warren? about being a family oriented company, we've got families right here. >> tucker: in your defense they are kind of interchangeabl interchangeable, but not correct. if it's 0-0 moving into the third question, here it is. an fbi agent found himself in hot water after he accidentally fired a gun into a crowd of bar patrons and shot someone. what was he doing when his gun went off? >> we have to go to the judges. >> tucker: you have to wait till we finish answering the qut the judges are saying that's okay, with the answer? >> he was dancing. >> tucker: he was dancing with a gun i don't believe you. >> an off-duty agent dancing the night away until his gun and gets away, watch as the agent goes for a backflip and his handgun slip sloughs, falls to the floor and fires. >> tucker: it was the end of the question anyway you got it. very good. this is a tough one i didn't know the answer to this. ihop international house of pancakes is changing its name people are upset about it, what is i have

is a natural progression from january's restructuring announcements in which the chief executive warren east said he was changing rolls royce from five distinct business units down to three the job losses that he is expecting to make over the next two years reflect the cutting of middle management he says it's necessary to provide a more streamlined and more efficient rolls royce and to remove the kind of duplication the other thing is a potential casualty could be the building behind me which is rolls royces corporate headquarters in central london warren east wants to do is devolve a lot of the decision making powers out to those three new business units and potentially move from this headquarters to a smaller more cost effective headquarters somewhere in north london as far as the reaction goes with the city reaction has been quite positive roles or shares bounced ninety three percent up on the news of the restructuring the unions though they're concerned they are worried that the cuts when they come may be too deep and that's expertise may be lost but that said they are reassured by