than $2 million for the privilege of dining with warren buffett. the billionaire holds and auction -- an auction every year. last years winner chose to remain anonymous. they're working on plans and northeast and china. the project was delayed by rising tensions over a group of disputed islands. be completed within 14 months. it will be able to produce more than 100,000 vehicles a year. on facebook at a videogame execution in today. rivals virtual reality goggles made by oculus which facebook bot. five days before the biggest event of the planet, some of the world cup stadiums are still not ready. paul allen looks at the sometimes chaotic preparations in the race to be ready on time. work continues on corinthians korean -- on the corinthian arena and time is almost up. the biggest tournament in the world will kick off here. against this chaotic backdrop area.s a candid they're staging this. this is not a good idea. citieshould have fewer for the world cup. that is the situation. >> with potentially four stadiums, brazil could have saved billions of

. >> warren buffett, right?> you have tonight to place a bid if lunch with warren buffett, the annual ebay auction to dine with warren buffett is underway going to san francisco's glide foundation and the auction has raised nearly $16 million for glide in the 15 years. the minimum bid started at $25,000 and now it is higher than that right new, check it out, about $1.1 million. you have until 7:30 tonight to beat that bid. last year's winner paid $1 million to dine with warren buffett. other winners have paid $2 million. so it is somewhere between those two by 7 3:00 tonight. >> you have $1.1 million to loan us, mike? >> last time we checked it was b, -- it was about $350,000. >> the giants are back taking on the mets at at&t park. it will feel like fall for the mets and 59 degrees at 7:15 dropping down to 55 so dress accordingly. now if you are traveling around las vegas or into the desert, the hides -- the desert, it will be 120, and kingman, arizona, 102. we took the 100's out of the valley, 79 in lake tahoe,

last year's winner paid $1 million to dine with warren buffett. the previous five winners each paid more than $2 million. >> so it is like a bargain rice right new. >> a bargain. it will not be at $350,000 by friday. trust us. >> you will up the bid. >> i put a dollar in. >> here is meteorologist mike nicco and the forecast. >> i have for pay twice as much, 200 percent as much. >>> you are paying me $2. >> she was going to pay you twice what she pays me... >> okay. here we go with weather advise. good morning, everyone, warm around fresno and 95 and 104 in palm springs but san diego and los angeles are in the low-to-mid 70's and 85 in sacramento as the sea breeze is reaching there and 73, today, in lake tahoe. in livermore, inaddictive of the heat that will hit inland headed to wednesday and thursday we will flirt with 90, and saturday, sunday, and monday, possibly low-to-upper 90's. today and tomorrow? pretty cool will 33 bart trains are on time and you may need a sweater on the platform, use train one and three are on time. we will look at the a

warren buffett said he thought the plan was rich. ett has said he's in favor of coke management. loves them. loves what they are doing. i think people who think he's in league with winters for this. that's just crazy. >> yeah. listen, 9% obviously. but $180 billion market cap. you have to throw a 25% premium on coke. $220 billion at a minimum. maybe more. i know the debt capital markets are good. the 3-g guys can raise money. warren buffett's got plenty. i don't get there. >> anyone who bought the stock, go to the numbers. it's an expensive stock. it's got a good yield. let's leave it. >> becky, thanks for checking in. of course becky did this amazing interview with warren when he abstained on the vote. >> breathtaking. >> that was a great moment. >> coca-cola has it done well. it's been disappointing that the industry has no growth. >> all right. let's get to bob pisani on the floor. i think he's available. he has more on what's moving. >> indeed. mixed market today. the cpi number did move the markets earlier on. take a look at trea

as warren buffett said, the market is like dealing with a manic-depressive. >> you're watching "worldwide exchange." bringing you business news from around the globe. >>> hello, everyone. if you're just tuning in, thank you so much for joining us on the show. we'll give you a quick check of how futures are faring ahead of the market open this monday morning. we are looking at a mixed measure. take fair value, the s&p 500 is actually seen down by 0.80%. the dow and nasdaq seen slightly higher. this is after the s&p and the dow hit another record. for the s&p, it was the sixth record close in seven sessions. can you believe it? but, at the same time, the volatility or the fear gauge fell below 11 for the first time since 2007. we'll talk about that later in the show. meantime, to european markets we are seeing a slight move to the upside. volumes pretty low today as we see the public holiday across much of europe. the markets are trading but liquidity is fairly thin. the ftse 100 is higher by a quarter percent. the xetra dax is up by .10%, the cac 40 is up by .01% and the ftse mib is up .22

. >> how much would you pay to join warren buffett at the buffet?> on tuesday, we got the south korean ferry captain due to go on trial. more than 300 people dead or missing. most of the vick dems were students from a single school in seoul. penalty --face the the death penalty if convicted. one of the companies that led --lines among this you know among casino managers. aiming for a six tournament win and they are taking on croatia in the opening game taking place in sÃo paulo. brazil will be lifting the trophy at the end of the tour. on friday, the bank of japan deciding on policy. expected to key policy study friday. -- policy steady friday. how much would you pay to dine with billionaire investor warren buffett? apparently, somebody from singapore has for out more than $2 million for the chance at an annual charity auction. let's get to singapore. here?de the winning bid >> a mysterious man by the name of andy. we don't know more about him. we have not managed to track him down. a lot of money, enough to pay almost $2.2 million for lunch with bu

warren buffett is once again auctioning off a lunch date on ebay. the opening bid sunday was $25,000. by monday morning... the lunch was going for $350,000. last year's top bidder paid more than a million dollars. money raised in the auction benefits the glide foundation. a takeover attempt is turning ugly. valeant pharmaceuticals recently upped its offer to buy botox maker allergan for $52 billion or just about $181 per share. allergan is said to be urging investors to hold off on vote regarding board members until it reviews valeants latest bid. activist investor bill ackman is pushing for the merger and for the removal of 6 of 9 of allergan's board directors. americans are kicking into higher gear when it comes to buying cars on credit. auto buyers borrowed a record amount in the first quarter... and took on all-time high monthly payments --averaging $474 dollars. an experian automotive report also shows because of those higher sticker prices, drivers are spreading payments out over a longer period of time. 24.8% of new car loans now last between

it conjures up an image of warren buffett who says invest in what yyou thoknow. source them, how do you verify they are safe enough investments to get into? >> a great question. first of a first of all, they are high risk. but we're big believers in the peter lynch mantra invest in what you know. one of the reasons we focus on consumer. the return has been greater. average returns in consumer retail are 3 1/2 times your money in 4 1/2 years. but secondly, we position this is really important for the average inverse tore. easier businesses to understand. if you think about $5 million food company that sold in every whole foods in the country, it's a business that most individual credit investors can wrap their head around. we have a strict diligence process where we evaluate each opportunity and we accept less than 2% of the companies that apply. >> that's pretty exclusive. you raised $30 million for these companies so far. what is the return on that money that you've already raised? >> we've only been open for two years. and in the private markets, the rushes typ

>> warren buffett has created float.at job of getting free money where he is earning a return. he is making an underwriting profit while he is doing it. this is a great execution. it is not insurance along. it is everything. >> mario gabelli is jealous of warren buffett. >> i want to follow that path for the last 40 years. >> you say you have 65,000 employees. that is down 45% in the last six years. the market cap swore 80 billion. this aig ever get back to it was? >> aig make it back to being very large, particularly with the international side of the li ght businesses. we will look for opportunities to regrow ourselves there. in order to pay off the u.s. government -- we were sad to do it, but we had to do it in order to get the government paid back. we are not going back to the polyglot of unrelated businesses like aircraft leasing that do not fit with insurance. >> is this mission accomplished? order you see yourself staying on? >> for the time being, i am going to stay on as chairman. as long as things are going wel

a huge fund raiser private with warren buffett. astronomical price for good cause that winning bid. hidden cashman on twittered secret identity revealed to the world of first the call that wilding large groups of teens committing crimes committee comes with the crackdown limit the strength in numbers >> : low clouds over intact at this hour. look clouds one more morning into tomorrow before things dramatically change this weekend we can forecast as a couple minutes away. safeway gets that staying on budget can be a real bear. that's why they've got lots of ways to save. real big club card deals, the safeway app and gas rewards. this week, dulcinea mini watermelons are just $2.50 each. mayonnaise is a must. best foods mayo is just $2.99. and get your spoons ready. ben & jerry's is a tasty $2.99. there's more savings to love... at safeway. ingredients for life. east bay trying to learn more about the violent roaming mobs of views known as wilding. police working together to stop the crimes before they occur. >> : was running a stop falling there might be occurring a sense that the bay

betweenof a weird split what the company is doing and what warren buffett is saying. >> you are goingman sachs energy summit tomorrow. going to be a big talk their? >> i'm so excited that i get to geek out all day with energy geeks. it knowing to be about the changes to the co2 emissions proposed a few weeks ago. about 25%chs assumes of coal generation will retire due to changes in environmental rules. that is ready substantial. renewableso says will continue to be able to ramp up over the next 11 years as standards become different state-by-state. interestingg to be is the differential between the supply side and demand side. we might have a lot of oil and energy, but is there a demand for it? we may have a lot of natural gas, but where are the refueling talking about the distinction between the two will be a huge topic. >> who will you be talking to? >> one of the highlights is airy cone from goldman sachs about the investment in the energy space. we are producing a million barrels a day, but they can't get to it. estimates $21 billion could be spent on infrastructure investment to

lives don't create inflationary pressures that would force interest rates to go higher and for warren buffett to suffer a single day i'm not making a huge gargantuan rent seeking ill gotten under piece of change those chaps pickles in the central banks are only focusing on the stock prices that's all they care about is the equity prices so let's look at somebody's going to war with those manipulating the stock markets and that's the south rises up to take on wall street and high frequency trading southern states. mad as hell and aren't going to take it anymore after more than five years of watching their cities and towns suffer foreclosure and mortgage abuse from the biggest firms on wall street rigged live or swaps impoverishing local governments a massive stock losses to municipal workers pensions the south is rising up and suing wall street over its latest fleecing scheme high frequency trading and it's not just these small little southern towns going on you know up against the big boys on wall street is actually michael lewis not the famous author but the famous lawyer who took on big tob

we have insurance companies and warren buffett heads those up.e democrat a abbesses what he has to say the public has the impression because there's so much talk about climate from the insured the standpoint have been unusual but the answer is they have not. even warren buffett different -- denies of global warming and also knows about the insurance business but number one on the homepage they have a prophetic picture of their roller-coaster sinking into the ocean so i would pull the equitation's out. look at that. look at the scare tactics. climate change will increase mortality related to he to. >> we hear about these weather occurrences more devastating hurricanes when we have not had a class three or above hurricane in 3,200 days but the president recently said the eastern shore needs to vostok but it has not happened. >> said natural disasters aside the individuals do want to make decisions individually but they have to be financially sustain the ball also. this report risky business trying to convince front future natural disasters to focus

the ability to create wage growth just goes around wages is go right into warren buffett's pocket and as he said the lack of trust people don't trust each other and that's why nobody is in the market but janet yellen and mario jackie and mark carney those are the only people in the markets are those people because they're the ones that are rigging the markets now also wall street examiner when looking at the story points out here this banker dues are saying well we're it's not like we're driving bus loads of kids over the cliff but they point out that there is the fact that one of five children in the u.s. now lives below the poverty level the latest data available shows there were one point two million homeless students during the two thousand and eleven two thousand and twelve school year a ten percent increase from the previous year and a seventy two percent jump from the start of two thousand and seven two thousand and eight an all time high so they are driving people off the cliff it's just not as obvious to many people write to the administration and the bankers out of service a

just hours remaining to the auction for the lunch with warren buffett. how much a local charity could actually make. >> a lot of people are going to pay money for that. >>> and going for the triple crown, we'll take you to the belmont stakes live, coming up. >>> we're following breaking news right now in hayward where an elderly woman has died in a house fire near townsend avenue and highway 92 interchange. christie smith just arrived. >> reporter: two people made it out, a husband and a wife, and they were able to tell firefighters that an aunt, an elderly aunt was still inside the home. firefighters say first, though, they had to try and put this fire out. you can see how badly damaged this small home is and they say that smoke and flames were pouring out of both of the front windows and also the front door. so right now what they are doing is everything is out but they are waiting to go inside. they sprayed a lot of foam in there. they want that to die down before they can take a look inside. they are looking at a couple of possible of causes, includi

now, this is what ebay looked like just a few hours ago for the highest bid to have lunch with warren buffett. it's topping $1 million. the auction benefits san francisco's glide foundation. it's the biggest fund-raiser of the year for the nonprofit. so many people try to take advantage of the time to sit down with this billionaire, you know, investor to try to get his take on things, maybe present something to him. >> i have a presentation for warren buffett. do me one favor, if i'm going to spend $1 million to have lunch with you, bring donuts because it makes everything better. >> there you go. it's 6:26 right now. >>> still remembering the fallen right now as the world comes together to mark 70 years since d-day. >>> here's a live look at the remembrance ceremony that is under way right now in normandy. quite amazing to see all of the dignitaries that are there, including queen elizabeth, ii, and president obama taking part in the ceremony to honor those who lost their lives on the beaches 70 years ago. just a few hours ago, the president actually spoke at the ceremony there and there is

. >> if you want to go one-on-one with warren buffett, you can. >> but it will cost you.le of bucks. ebay auction to dine with warren buffett ends tonight at 7:30 and the money raised goes to san francisco glide foundation and here is where it stands right now. $1.1 million. 85 bids so far. i can see a couple of guys that have been bidding feverishless, but, you know, you have 13 hours left, 13 hours and 35 miles per hours and 42 seconds and 100 percent of the proceeds benefit glide foundation. if you have a couple million to spare, give it a shot. good luck. >> good luck. >> time for a check on the weather forecast. >> it is 59 for the mets dropping to 55 so dress according. excessive heat at las vegas or death valley, 111 in las vegas and 120 in death valley and if you are running around the rest of state we have 92 in sacramento and nearly 100 in chico and fresno. 79 if lake tahoe. that is warmer than the 70 in san diego and 76 in los angeles. >>> we hear ace train three was delayed by a freight train from stockton. we will watch that. in san jose, we have traffic buil

in my book warren buffett is not among them. i'm not sure but the figures you cite that he hasn't been a major player in even more generally i would say that there are a whole class of very wealthy liberals who do not give as much money as a percentage of their income into politics as do the very wealthy conservatives like the koch brothers. you could look and say sheldon hamilton is worth $40 billion why do you only give $100 million to defeat barack obama but that $100 million out of the $40 billion is still a much higher percentage of his income than bill gates for instance who by all accounts is basically a liberal and democratic causes warren buffett is another example. warren buffett gave as much as a percentage as koch to the democratic outside groups and super pacs. in my book i do get into these efforts to court these very wealthy liberals who just have not dissipated and come off the site low to participate in this big-money politics in a way that republicans have. >> how is that looking forward in 2014 or 2016? >> gue

you have until 7:30 friday evening to place you bid to dine with warren buffett. the minimum bid is $25,000 on ebay. the annual auction is in its 15th year and has raised nearly $16 million for glide. last year's winner played with $1 million to eat with buffett. >>> still ahead at 6:00. a new report found the nsa is building a network to track people's faces on surveillance video. how it's using your information to build the network. >> plus, republicans will pick their candidate to run against governor jerry brown this fall. we'll look at the front runners to win, and the government has a new plan to cut air pollution by a third in the u.s. a look at how the epa plans to make it happen. >> i'm frances dinglasan in the accuweather center. temperatures will tumble tomorrow and then we have a warm up. i'll let you know when he witness the 90s. at shell, we believe the world needs a broader mix of energies, to move, to keep warm, to make clay piggies. that's why we are supplying natural gas, to generate cleaner electricity, that has around 50% fewer co2 emissions th

plus: how you can win a private audience with warren buffett. and help out a bay area charity in the process. " " >> and he finds unexpected support. >>> coming up next on "gameday" it was 25 years ago that the a's and giants met in the world series. hey, i am just saying. >> you know, people are not overlooking this. >> what did the camp david warriors head coach steve curr? >> game 7 of the conference finals goes to overtime. go overtime with us, "gameday" is next ,,,,,,,,,,,,,, ithe part of us that a littwants to play,on. wants to be mischievous, wants to run free, all you have to do is let it out. find your inner minion only at the despicable me minion mayhem ride at universal studios hollywood. today.. when he showed up to attend services at a predominantly black church. sitting in the front row.. sterling listened to the pastor's message for him. >>> donald steriling raised eye brows today when he showed up to attend services at a predominantly black church. the pastor had a message for him. >> i want my friend to know we are praying for y

. >>> bidding ends tonight for a power lunch with investor warren buffett.fits glide in san francisco and the winning bidder can invite 7 friends for a meal at a steakhouse in new york state with warren buffett. the highest bid now is about a million dollars. bidding ends tonight at 7:30. if you are interested, you got a million bucks, and you're hungry -- >> you can do it for free if you just get seated next to his table, right? [ laughter ] >> good point! i think it has previously gone for more than $3 million. so the bids will probably come in at the very last minute. all right. >>> let's go outside show you what's going on. we have sensors slowing down at the livermore valley. even though it's one of the slowest drive times it's still "friday light" across the bay area, no major hot spots. 22 minutes is down from usually this time of the morning between the altamont pass and 680. bay bridge metering lights were turned on at 5:52 so you're backed up into the overcrossings especially in the 880 overcrossing by now, still about 15 to 20 minutes to get you o

one of the things a like about warren buffett, something he said. i'm paraphrasing.wake up in the morning, look at your positions you need to fall in love with them every morning. in other words, whatever positions you have, if you wake up one morning and you look at the landscape of the marketplace and at the cme pivot around, where everything in the world is positions. if you don't like it, you've it h it for a while, you're probably making a flawed, strategic mistake. let's fast-forward to yesterday in the press conference, and i know -- by the way, steve liesman if you're listening, congratulations. little doubt we all knew the minute you asked. asked the only question that should have been brought up, considering it was first. i don't think the answer regarding inflation was necessarily up to snuff, but i really don't think all of the ire of yesterday should be on the notion that janet yellen and the committee are overlooking potential pricing pressures, because one thing about pricing pressures, whether she's ignoring them, whether they're ignoring them, doesn'

you have until 7:30 friday evening to place you bid to dine with warren buffett. the minimum bid is $25,000 on ebay. the annual auction is in its 15th year and has raised nearly $16 million for glide. last year's winner played with $1 million to eat with buffett. >>> still ahead at 6:00. a new report found the nsa is building a network to track people's faces on surveillance video. how it's using your information to build the network. >> plus, republicans will pick their candidate to run against governor jerry brown this fall. we'll look at the front runners to win, and the government has a new plan to cut air pollution by a third in the u.s. a look at how the epa plans to make it happen. >> i'm frances dinglasan in the accuweather center. temperatures will tumble tomorrow and then we have a warm up. i'll let you know when he witness the 90s. ike hondfused a. now honda's slinging mud, launching false attacks. isn't it time to put the old politics aside? the chronicle endorses ro khanna, saying he "offers an upgrade in congress for silicon valley." and the mercury

the milwaukee based company was forced to lean on a $300 million high interest loan financed by warren buffett. >> if we go back to the 2008-2009 downturn, since then sales have been bouncing back, profitability has been improving. >> despite the harsh winter, productivity rose after the company shaved production cost. but the real success story may be overseas where first quarter sales soared more than 20% in asia 9% in latin america and more than 8% in europe. harley davidson is known to build big powerful bikes like this one but the company has switched gears. harley's growth strategy internationally is diversification. they realize that to sort of get into the new generation they were going to have to take down the size, take down the price point. their strategy for growth is very intentional on markets that definitely want to participate in the harley brand but they want it on their own terms. >> the new line of street 500 and street 750 bikes are smaller and more affordable and shipped to new markets in spain and italy and india where harley for the first time is building motorcycles fro

. >> that's what warren buffett does so well. >> rose: so you took all of his money didn't you. >> i borrowed. i wish i had taken it but unfortunately i had to give it back. >> rose: why did you make the deal. because you needed the money or idea of his confidence. >> i needed both. fact of the matter is a number of people came to us afterwards. this is a week after lehman brothers when everybody was fretting about whether the capital markets were open and this is before talk and we did a transaction with warren buffett which we preferred and got $5 billion. and the very next day did a common equity deal in the market so the markets were open to us. and with warren's money we got more than just money we got validation of somebody that's regarded as a terrific investor and somebody who knew our firm and this was important. people called us up afterwards and said gee i would have done that and that would have been great but with you i would have just gotten the money. with warren it was something more important. >> rose: a lot of people said to me at the time when you made that deal, i

warren buffett decided not to split a stock and when he did that, people decided he knows more than we do. knows it's just artifice and eye candy, not going to split, we're not going to split. they said we're not going to split and salesforce.com and vf corp said, you know what, got to make our stock more accessible to retail. beauty is in the eye of the beholder in this one but a lot of people don't want to go against the rigor that is warren buffett so can i go to john. >> caller: boo-yah, cramer, from sweet virginia. >> beautiful there. i wish i were there right now. what's up? >> caller: here's the question. i've been very fortunate thanks to you, and i've done my research and your crack staff. i'm back to even. >> great. >> caller: i retired at 62. i have a portfolio that i'm really pleased with, and now my question is how do i -- in retireme retirement, how do i protect it because i don't feel like i need to amass it. i just need to protect it so i've been doing my homework and i came up two options, and i just wanted to get your read on them. >> sure. >> caller: one of them is t

warren buffett buys charlotte.ould go to charlotte. >> you are making this up? >> i am making this up. >> do i lose a point for being wrong? >> sore loser. just move on. >> last one. and for the win. who will it be? michael bloomberg. imagining him in any of these places is kind of funny. durham, laguna hills or anaheim. >> laguna hills. >> wrong! mandy. >> durham? >> wrong! >> anaheim. >> anaheim is correct! >> i've never even been to one of these places. when are the australian billionaires coming up? >> we will do an australian version. >> what is perth? what is perth? what is perth? and the winner gets killed, what is darwin? sorry. loser would be killed. >> two things people love to talk about, rich people and real estate. it is all here on one show." who wants to buy a city?" >> fantastic job, thank you very much, robert frank. >>> let's take a look at what those markets are up to, guys. of course we had the ecb cutting rates to record lows. so we had a nice start at the beginning of the day. we got an extra

warren buffett his berkshire hathaway owns many mobile homes these days millions of people priceout of the housing market are turning to mobile homes as an affordable means to home ownership. >> when i first moved out here it was hard for me to tell people i lived in a mobile home community. >> heather rents a three bedroom unit with her husband and three children for about $675 a month. >> it's more affordable for my fream, we can save for the future for our kids, our needs too. we have the money to get by. >> trailers, mobile homes, manufactured houses whatever you want to call them. they often come load wednesday a stigma of low cost living. rents increasingly out of reach. they're becoming the only affordable housing around. >> if we're in the recovery we're not seeing it in the mobile home business all right? >> frank ralph. >> you have 10,000 seniors retiring per day, others downsizing, a lot of households who have a good paying job at a factory now they're working at arby's. a lot of people are forced back into our business models. >> looks good. i like the color on it. >> rolf'

. >>> the annual auction for a lunch with warren buffett is underway on ebay. the bid is $350,000. all of the money goes to glide memorial church. buffett says he will talk to the winner and seven guests about anything they want except what he might invest in next. >>> they are supposed to be more secure keeping you safe while you get your cash but is there a big loophole in a common safety feature. 2 investigates the atms that are closed that many criminals know about. how easy it is to get in and the response from one bank -- at 5:00. thank you for making ktvu your choice for news. we're always here for you at ktvu.com and you can follow us on twitter and facebook. firsrefused all debates.rnly now honda's slinging mud, launching false attacks. isn't it time to put the old politics aside? the chronicle endorses ro khanna, saying he "offers an upgrade in congress for silicon valley." and the mercury news says, "ro khanna is ready for the congress of tomorrow... ...while honda is a politician of the past." for our future: ro khanna. khanna: i'm ro khanna and i approve this message.

bidding ends tonight for a chance to break bread with investor warren buffett.he charity auction benefits glide in san francisco and the winning bidder can invite seven friends to join buffett for a meal at a steakhouse in new york city. right now the bid is over $1 million. >>> a celebrated racehorse from our part of the country california chrome made a final run-through today before taking a shot tomorrow at the big triple crown. thoroughbred ran part of the track this morning. this is belmont park in new york. looking good. if he wins tomorrow's race, california chrome will be the first triple crown winner in 36 years and the first-ever to be bred and born here in the golden state. the last horse to win the kentucky derby, the preakness and the belmont was affirmed in 1978. so good luck. >>> story now that restores your faith in mankind. a man and his dog reunited thanks to the goodness of an oakland man. >> hi, love. >> hi, love. how are you doing, love? >> there's the reunion right there. arthur's dog love was stolen while he walked her at a san leandro mar

lunch with warren buffett is under way on e bay and runs through friday night. proceeds go to the glide foundation which help support homeless in san francisco. last year's winner topped out at just over $1 million. the last four or five years it's been $2 million tab for that lunch. that record right now, $3.4 million for 2012. i'm told we're at about 350,000 on ebay, but you know how that works, people wait until the last minute. scott, are you going to be in the business? >> i'm waiting. just monitoring and add an extra dollar, i'm in. bertha coombs. >> with a good doggy bag to go, too. >>> let's check in with meteorologist christina loren. how are you doing? >> glad you had a good weekend and we're back to business today. temperatures nice and comfortable out there to kick off your new workweek. new temperatures for the first part of the month, looking cooler than average and then looks like we're going to crank up that heat as we get to the end of the week. coolest point of the day and in the 50s right now and coastal drizzle out there and want to show you

. >> last year's winner paid $1 million to dine with warren buffett.the previous five inners paid more than $2 million. a ways to go. ought auction will start heat up as we get closer to friday. and the weather? >> probably never heat up. mike? >> that is a great question. as we get toward friday. maybe thursday in some areas. good morning, again, we are looking over the bay where we are playing hide and seek with the sunshine and i am seeing blue and white from the clean air over us to the clouds that are still lingering and i will show you the winds on live doppler 7 hd and you can see we still have the 25 miles per hour wind at fairfield and a stout sea breeze inland and i expect more cloud cover tomorrow than this morning. our lowest visibility is half moon bay at 45 miles and that is not too bad. from above, this is the visible satellite you can see the small swirl off point reyes that is a small area low-to-upper and that is helping to keep the clouds stacked along the coast and now it is pulling the clouds out of the lower elevation in northern

appraiser: so your husband was like a warren buffett of the book buying world. right, right.ry well for you. he would really be thrilled about that. appraiser: this panel is so large and really quite rare. not bad for something that was hanging in your basement. now, the people who make antiques roadshow possible. it's not about the things we have, but the memories we make with them.

>> well, it goes back to the 1950s with warren buffett and charlie monger.arren buffett was a classic style picker, but charlie monger, his side kick comes along. quality is important. let's buy high profitable, quality companies even if we have to pay more. it was done by a professor at the university of syracuse. he found that high quality, highly profitable companies actually do perform much better over the long run than companies that don't have this kind of stunning asset in terms of possibility for profits today. and this is an extremely important finding from the academic world because the previous big finding, the buffett rated finding was that value, was all important. this profitability factor comes along, it's as big as value but it's not correlated with value. you put the two of them together in a portfolio and you have better risk adjusted returns. >> does that show you outperformance? can you mention a couple of the stocks that have outperformed on the basis of this criteria? >> sure. in buffett's case, it moved to american express, coca-cola,

. >> one company whose shares didn't make the potential split list is warren buffett berkshire hathaway selling for $192,000 and buffett likes it that way for a stable shareholder base. he did, however, once split his limited rights b-shares 50 for 1 to create more currency for the acquisition of burlington northern. >>> timing, meanwhile, the magazine unit home to people, supreme courts illustrated and time magazine was spun off from time warner today. "time" shares made the debut on new york stock exchange. the chief executive sounded upbeat about the company's prospects despite an industry stung by declining circulation and advertising revenue. >> i've got some of the most trusted brands in the united states. nine of the brands around over 40 years. one of the brands is oldest living continuously living magazine in the field called "the field." i have strong cash flows and to write off a company like that, i think it's incredible. we have great assets. >> investors didn't have the same level of enthusiasm. shares fell nearly 1% on the first day of trading. >> can they go it alone as

buffett rule. it's named after war re warren . this sear head of berkshire hathaway, a fella i've come to know a little bit through his family. he came to us a few years ago and said something's wrong with the tax code. here i am, warren buffett said, one of the wealthiest men in america. my income tax rate is lower than my secretary's income tax rate. how can that be? why would my secretary pay a higher income tax rate than me, abillionaire? so we created what we called the buffett rule. and it said, if you're one of the fortunate few in america who makes over a million dollars a year, you're going to have a minimum income tax rate of 30%, which at least puts you on par with the people who work for y you. you're going to pay an income tax rate at least as high as they do, 30%. so how many americans are like warren buffett, making over a million dollars a year? how many would have to pay this new income tax rate? 22,000 americans make over a million dollars a year. okay, senate, here's your choice. do you help 25 million students

. >>> get out your checkbook, the charity auction for a lunch with warren buffett. >> the power launch already got 33 bids, just reached $350,000. that's going to go up before the auction closes friday night. last year's winner paid just over $1 million. back in 2012, the top bid was $3.4 million. the most expensive charity item ever sold on ebay. >> people respect his opinions so much. >> to get that much time. and actually, in a way that's not very expensive. >> right. >> if you've got the money. >> he's so down to earth, too. >>> pair of olympians, one of them setting a record. >> andy potts of colorado won the prestigious race for the sixth time. he finished in 2 hours 4 minutes 21 seconds. sarah haskins won the women's race. she finished the 1 1/2-mile swim, 18-mile bike right and 8-mile run in 2 hours 18 minutes and 42 seconds. it didn't look like a very warm day out there, as you might expect. cloudy and chilly. >>> still ahead this morning, a spectacular show on the sun, spotted using bay area technology. >>> 11:25. let's get one last check of your microclimate forecast from ch

see >> : warren buffett the final bid for the auction 2,166,000 got $766.tem will charge >> : memorial church >> : history as hartley's dealing cares about people we serve >> : the choir on past the at inspiration to the event passers remembers when the idea for the power lunch sparked. wife was no. and we did not know and she didn't tell us for very long time family when she told us it was almost on is on sunday warned with her begin know who he was when the king and the church and said so what are you my husband more about that. we were shocked the money raised will go to support the homeless shelter kitchen job training programs and drug up a paltry and programs >> : a discovered a very interesting new mobile app you wont see this before i spend another dollar at a retail clothing store stay tune coming up in the tech report >> : a very interesting immobile shopping application for women that helps get incredible deals on high-end fashion and name brands helps them do it in a very new and unique social way >> : torchmark grown personal shopping network.

secretary, here's all the time, warren buffett is making billions and paste 15% tax on the.e secretary is working, sure she gets a nice salary, and so with that nice salary she is paying 40% at the top rate. it doesn't make any sense. i'm someone who has been very blessed. i love to work. i work hard and i have very, very little in way of investment. i get member the last time i paid a capital gains, again on a piece of capital investment. but i have a fair amount of income coming in for labor, and guess what? i get taxed to the hilt. and so you just have to work, for me i've got to work that much harder. seven kids, no choice. for a lot of people they said what's the point? why am i doing this? so it's a disgorgement for a lot of people. >> host: at a certain point don't you risk social instability? >> guest: well, the point that you're making is that when you have people who are making huge amounts of money, like these hedge fund operators these hedge fund operators, and they're all get taxed at 15%. for the quote work that they did. if you're working for the hedge fund op

warren buffett takes advantage of the very same tax policies that he is criticizing. that tax reform is changed, i am going to continue to use some of these advantages. doesn't that strike you as hypocritical? >> i do not. i think that there are shades of this. there is the most aggressive, right up to the line. some things met romney utilized bothered voters in 2012. says is an argument that you should not utilize any of these legal instruments -- >> if you are going to criticize it, exactly. >> it is a more compelling to say this is the law. they will have financial help, accounting help. we need tax reform that is more simple. this is what makes the presidential campaign hard. it is an obstacle course. every day you will be pressed not just on your position but on your personal approach and behaviors. hillary clinton going to have to be more transparent about her financial situation? >> the lesson of 2012 -- it caused mitt romney great problems. not just what he did, is what he tried to shield. is alwaysansparency the best recourse in a presidential campaign. or el

bidding ends tonight for a chance to break bread with investor warren buffett. charity auction benefits glide in san francisco. and the winning bidder can invite 7 friends to join buffett for a meal at a steakhouse in new york city. right now the highest bed is more than $1.1 million. bid ends at 7:30 tonight. >>> new at 6:00 keeping tesla plugged into california. how state lawmakers are sweetening the deal to get the company to build its brand-new factory here. >> and a city hall spectacle, big hats, catchy songs, larger- than-life characters, celebrating 40 years of "beach blanket babylon." >> liz and i have a confession to make. have you ever seen it? >> i need to do it. it has to happen. >> so do i. i have had a few more chances than you. i haven't done it yet. >>> the "cbs evening news" is next. >> remember the latest news and weather are always on our website, kpix.com. we'll see you in 30 minutes. captions by: caption colorado comments@captioncolorado.com >> dubois: tonight, return to normandy. >> we come to remember why america and our allies gave so muc