dollar for you and that's the cantillon effect the hedge funds and the private equity guys and the warren buffet's of the world get the money 1st to bid up their assets and their stocks and their bonds and their wealth goes up and then they get maybe a dollar of that $1000.00 to the workers who are actually keeping the economy running . getting workers the frontline workers the health care workers the delivery

the ability to actually own challenge there are these weapons of mass financial destruction as warren buffet called so just so you understand why our system is so toxic why does ghouls and financialization rule the world why we have this messed up system with trillions and trillions and trillions and trillions and trillions of dollars a bail out chileans of dollars for bailouts for those that are friends and so so smart like larry summers right the smart guys because commodity futures modernization act because of glass steagall risk emmy award was able to be separated obviously with options 2 in the black initials options formula so they were able to separate risk and reward and this thinking that larry summers himself which he says was sarcastic but you know it's the truth is that the risk should be dumped on to those who are not as smart as us not as good as us their reward should just be kept for those like us because we are so smart without us the rest of the economy can't survive they need us that's why you have situations like this bailout for small businesses mom and pop it went j.p.

dollar for you and that's the cantillon effect the hedge funds and the private equity guys and the warren buffet's of the world get the money 1st to bid up their assets and their stocks and their bonds and their wealth goes up and then they get maybe a dollar of that $1000.00 to the workers who are actually keeping the economy running . getting workers the frontline workers the health care workers the delivery workers that are considered expendable and when you can toss around tens of trillions of dollars on a whim and the 3 and a half trillion dollars is collected annually in taxes is meaningless then they are expendable bowl vats the reality of american workers have to come to grips with they are expend job all in an environment where the fed can give their friends trillions of dollars with no restrictions whatsoever this is another clear example as well of being an issue of distribution there is no shortage of money there is no shortage of credit there is no shortage of room on the federal reserve's balance sheet we see that now because when the hedge funds and private equity groups when they s

dollar for you and that's the cantillon effect the hedge funds and the private equity guys and the warren buffets of the world get the money 1st to bid up their assets and their stocks and their bonds and their wealth goes up and then they get maybe a dollar of that $1000.00 to the workers who are actually keeping the economy running . beginning workers the front line workers the health care workers the delivery workers that are considered expendable and when you can toss around tens of trillions of dollars on a whim and the 3 and a half trillion dollars is collected annually in taxes is meaningless then they are expended bowl vats the reality of american workers have to come to grips with they are expend job bowl in an environment where the fed can give their friends trillions of dollars with no restrictions whatsoever this is another clear example as well of being an issue of distribution there is no shortage of money there is no shortage of credit there is no shortage of room on the federal reserve's balance sheet we see that now because when the hedge funds and private equity groups when they

max keiser this is the kaiser report the show that warren buffet does you to watch you know i got to ask rhetorical and will be a theme i think for the next few minutes. america's got 20 or 30000000 people unemployed now the question is why have they no savings why don't they have a savings that's a very important question that we need to look into stacie perhaps it's because of what frederic bastiat warned a couple 100 years ago when plunder becomes a way of life for a group of men in a society over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it here we are over 49 years after going off the gold standard in 1971 which is a moral code and a legal system of its own it imposes a moral code upon the economic system in terms of honesty and terms of distribution of wealth but here we have a system that 49 years later has become rotten the institutions have melted and disintegrated and we have people like our own senator here in north carolina senator richard burr who was caught not only dumping a whole bunch of sharers $2

or triple their money over time for be making this investment at the absolute bottom that's a warren buffet table played by a company you know is going to be better and buying it for a cheap shot or as chief strategist at bubba trading in blue bus goes kristie i thank you for that expert analysis. thank you. and time now for a quick break but hang here because when we return in the midst of a shortages due to the outbreak we take a look at the surges of prices for some products in reports of profiteering with a boom bust panel and as we go to break here the numbers at the close. as the u.s. economy was booming growing numbers of people were made homeless. you can work 40 hours 'd in a week and still not have enough to get housing everybody believes america still has the lead up to the reality of it we're not financially equality and the lack of affordable housing living minimum wage gave many people no choice. that's been a problem with the city and all those turn around and told to stay away oh miss. the reports resource the most vulnerable were abandoned on the streets to become the invis

or triple their money over time for beat making this investment at the absolute bottom that's a warren buffet table played by a company you know is going to be better and buying it for a cheap shot or as chief strategist at bubba trading in blue bus goes kristie i thank you for that expert analysis. thank you. and time now for a quick break but hang here because when we were churn in the midst of a shortages due to the outbreak we take a look at the surges of prices for some products and reports of profiteering with a boom bust panel and as we go to break here the numbers at the close. is you'll be a reflection of reality. in the world transformed. what will make you feel safe. isolation. community. are you going the right way or are you being led to. direct. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. orem even the shallowness. going out i'm fascinated by. consumer protection labels that you find out cigarette 3 find out household cleaning substances don't apply to financial products even though they should because many of them are hazard

people want long-term guidance go years ago jamie diamond and warren buffet argued the same thing. they said we should dump the whole argument and move on and just provide guidance on a yearly basis i'll tell you why i'm not so enamored with this idea. 1 in 5 companies provide earnings guidance. number two, companies still have to file their quarterly earnings report it doesn't eliminate that. if the companies don't provide guidance, wall street is going to provide guidance. their analysts are going to say here's what we think is going on that means less commentary available to the general public and wall street is going to step into that vacuum how about having ceos stick around a little bit longer the average ceo only lasts five years these days their compensation is largely based on whether they can get the stock price up there's a short-termism if you want to deal with it >> well said bob fired up on a friday we appreciate it have a great weekend we'll see you next weekend victoria fernandez, what do you think? do you want to hear companies, the ceos of the companies that you o

i think it was warren buffet that said when the time goes out you can see who has their swim trunks on and who doesn't. i think now it's a time we'll figure out who has the ability to succeed going forward and who is poivoting and who is sitting by and waiting you can't just sit and wait for this to pass any company, any leader needs to take action and do things to help the company position well for the new investor, what should i be doing? jack says look out the low in some less than fortress balance sheets, smaller caps look out below in certain challenge sectors of the economy. what do you say about how -- if you say i can't sit here and do nothing. what should i be doing what should i be pruning what should i be inching into? >> i think those are great questions. one thing we niends find is we o do something we have some sort of control and if we can control the things we can then it feels better some of the things we're doing with our clients is we're upgrading quality holdings to jack's point, if there's areas that we think aren't as favrable or companies not going to continue to

. >>> so we're learning tonight that warren buffet is stepping up to help doctors on the front lines in new york. the billionaire lent two of his planes to pick up 135,000 n-95 masks from a hospital system in china. that doubled their numbers. that is good news. back with me dr. amy compton phillips and dr. john shiplan. dr. compton phillips, let me bring you in here. we're hearing a shortage of sedation drugs because so many patients have to be intubated. that's horrible for the patients, but it must take a toll on the doctors and nurses as well. >> yeah. this entire thing takes a toll on the doctors and nurses. in fact, since it first started, since it was unexpected we were all back on our heels. since that time, especially here in seattle since we were early on, we've had to really lean in and say, how do we get ahead of this thing? in addition to scrapping everywherefore ppe, for the tools to keep doctors and nurses safe. we learned that medications could be short because so many of the raw ingredients are made in china and india. parts of the world we expected would be shut dow

coronavirus crisis two major breaking stories a new recommendation from the cdc on masks and warren buffet'sre hathaway selling millions of shares >>> it has been a wild, wild week. >> as stocks drop, president trump calls in big oil executives >> we'll work this out and we'll get our energy business back i'm with you 1,000%. >> at the same time american individual business owners flock to websites looking for federal help. >> the anxiety

warren buffet, and mr.>> we can all do our part here and it's a tough time for everyone. but there's no doubt we will get through this like we always do and do our best part to help people in need. >> good stuff there. now tonight was the long-awaited beginning of the last dance, and espn documentary, chronicling the chicago bulls dynasty. now, warriors head coach, he was a player back on that team during the dynasty games and he hit the game-winning shot in game six of the '97 finals assisted by michael jordan. during the championship parade that year, he took a swipe at the greatest player of all time. >> when we called time-out with 25 seconds to go, and went into the huddle anmichael, i want yo last shot, and michael says, you know, phil, i don't feel real comfortable in these situations, so maybe we ought to go in another direction. why don't we go to steve. so i thought to myself, well, i guess i got to bail michael out again. >> michael jordan. he has the shot. >> the shot went in. and that's my stor

warren buffet is major investor. welcome back good to have you back. >> pleasure to be here >> your footprint is all over this crisis. when you look, you're 65% service. 20% retail and you have big box stores bass proshops, camping world i'm assuming they have high rents giving the size of their own footprints are they paying those rents? >> i can't talk to you exactly about who is paying and whose not. 65% of the assets we have today is open, which is very important. we expect to have some payment disruptions that will happen which happens when you have an absence of powers. we started off before the coronavirus with about $700 million in rents and interests and income coming in the issue will be how much of that is lost in the near term. this is a short term issue, as far as we're concerned the question is how fast do we ramp up on the other side. >> without telling me any name, surely you can tell me what you say on april 1st, for example, in terms of payment of rents >> well, i can't get specific on that we are g

, bond markets are lagging the equity markets. 31 years in this business doesn't last forever warren buffets says the markets are a voting machine in the short term they are a weighing machine over long periods of time and they will weigh the fundamentals on very good secure cash flows. we'll see that appreciation going forward. >> when you look at what's happened in the stock market where we are trading today, dow 24,000 earlier today does that make sense to you compared to what's happening on main street that you talk about so often >> i'm in mike wilson's camp that i do think we got to the low. some of the traders were talking and we may retest it i'm not a seeing and i don't know the answer to that. it felt like on march 23rd when the vix went from 85 to 44 literally a 50% haircut in the vix. that felt like full blown k copitulation people are anxious to get out of their homes. i sort of am very bullish. 12 plus trillion dollars of stimulus going it's basically 65% shutdown of the economy. it's about $3.7 trillion you are overwhelming that with a green water wall of money from the federa

this is a big rally and we have been taking small bites for some time now and this is the classic warren buffet. you get rich in bare markets. you just don't know at the time. people forget it is a forecasting tool and not a weighing machine. i think the market is trying to discern between massive economic disastrous numbers that are in front of it and the fact that we are starting to reopen and i think what investors miss sometimes is human ingenuity. we have persistent way to finding shock events like this and the markets are putting that in the numbers. maria: so are you saying that despite some negative head lines you still want to own stocks? >> leo: i think you want to absolutely want to own stocks. again, if you are a long-term investor especially today, bond prices with yield essentially crushed and the treasury basically at zero are as expensive as they have ever been. the pe on a treasury is astronomical. you -- you absolutely need to own stocks to fight what is going to be inflation in the future, not in the next 6 months or in the year or so, but down the road. i think what people m

warren buffet said, if you bet against the united states of america, you're going to lose every time.a ton of money into companies and made a ton of money. i understand we have a failed leader. i understand washington, d.c., has failed the american people throughout the better part of this century. the in-fighting has been absolutely awful. let's take a loittle closer loo at the united states of america. we have the best scientists. we have the best doctors. we have the best universities. this isn't jingohism. we have the next nobel prize winners, the best tech companies. we are still the innovators. we still are the leaders, on the cutting edge in just about every area. when it comes to science, when it comes to technology, when it comes to all these other things, which makes our failure in this crisis, which makes washington's failure even worse. not only do we have that going for us, us, i'd love to get your reaction to the fact that americans together have been responsible and for the most part have been staying at home, been socially distancing, have acted responsibly together. a