but it will not all be smooth sailing for warren buffett. buffett has to battle headwinds.e need to tell you that the little tension at this meeting this year, a couple of things, there has been a union dispute now dragging on for a year. 400netjex pilots will be protesting. we talked to jordan, the ceo. and the union representative, union representative telling me they feel their compensation isn't adequate at this point. so it's not all sunshine and roses. not to mention, clayton homes. they're developing the last couple of months. the buffett corporation owns clayton homes and all their subsidiaries. they're doing what are considered by some, predatory loans. getting people into loans they can't afford for their mobile homes. i had a chance to catch up with warren buffett and ask him how he'll defend clayton at the shareholders meeting tomorrow. warren: i have a lot of documents and figures that i'll share with the meeting on saturday. liz: to defend clayton? warren: of course. it's a terrific operation. it's done wonders for homeowners. liz: okay. so he's going to come

liz claman sat down with warren buffett this morning to discuss his investing success and how he decidescompanies are worth investing in. warren: i try to buy things where i think i understand what their economic future is likely to be over the next five, ten, 20 years. and i try to buy companies that have great management because we don't have managers to put in. we only have 25 people in the home office. and i try to buy them at a reasonable price. and when we find all three of those ingredients available, and i've got the money, i write a check. cheryl: even with buffett's long-time success, investors wanted to hear this weekend, they had concerns about some of the statements. joining me now is mike holland. holland and company, major shareholder of berkshire hathaway. what did you think about the weekend overall? >> complete success. i think that he puts himself, cheryl, out there for an extended period of time, answers every question people have to ask. liz claman's report tonight will once again show that sitting down with him for an extended period of time, you're sitting down wit

warren buffett feeling wage rage.he minimum wage he says could have very serious consequences. really? here is what he told our very own liz claman. >> if you raise the minimum wage substantially, a lot of people would not have jobs. through the earned income tax credit you can accomplish the same thing, yet keep the jobs and reward work. melissa: john, jack, michael, are back with me. i was floored, heard him say this privately at off the record functions. i have been furious he wouldn't come out to say it to the public. he is saying it as matter of factually. i don't have problem with raising minimum wage. will cost a lot of jobs. jack hough. >> we had minimum wage and strong employment for a lost decades. let me just say that. warren buffett has a little bit of conflict of interest here. he run as company that employed 340,000 people. okay? melissa: he is, you're done. he is a staunch democrat. he has always supported president, hillary clinton. ier. >> haw. melissa, he runs a tons of businesses. he is liberal demo

you know, again, i'm in omaha with warren buffett who is the chairman of berkshire hathaway. stions that i heard that were asked by other media, that were asked by other shareholders that tried to approach you. the one thing people want to know most what you think about the market right now. obviously, not something you look at on a day-by-day basis but you have from time to time made calls that the market is overvalued or undervalued. where do we stand right now based on what you've looked at historically? >> very occasionally over maybe a 60-year period it's been very clear that the market really is overvalued or dramatically undervalued. most of the time i don't have the faintest idea of whether it's on the high side or low side. when you get the extremes. 1973 and '74 were the cheapest markets i've ever seen. our recent panic was such that you could clearly say stocks were undervalued. back around 1999 2000 i said they really were overvalued. what you can say now is that not very helpful, but the market against normal interest rates is on the high side of valuation. not da

a lot of asian out of a big xhinz delegation that came to meet with warren buffett. the other thing you used to have to own one share of berkshire hathaway stock to get into the heating. >> a now? >> you can buy tickets. >> really. >> just a sign that it's gone very mainstream america. they all want to learn how to invest like warren buffett and have fun doing it. >> the succession always comes up. and he's in his almost middle 80s now. >> 85 in august. >> that's fantastic. >> he's amazing. high energy. >> he always is. but what about the succession issue? s this year or less? >> i think it's gotten to the point where they're not sopo worried about the actual name who it is but is this person going to preserve the culture, the corporate culture. we have ceo ast always talking about our culture, but in the case of berkshire it's about core values and trust and ethics and lead by example. so they want someone who is going to preserve that culture and presumably they've got a lot to choose from. there are 80 ceos in berkshire hathaway and all know the buffett way. >> th

dan loeb is firing a shot at warren buffett saying he likes reading warren buffett's letters to shareholders filled with inconsistencies. he said he likes how he criticizes hedge funds yet he had a hedge fund and criticizes activists, yet he was an activist. buffett has not responded to the criticism. back to you in las vegas. stephanie: thank you, matt miller. erik: now it's time for the endless sumner. our next guest, sumner redstone and the upcoming issue of sanity fair. -- "vanity fair." you had a correspondence with sumner redstone, a man few people have seen in years. guest: the last interview he gave was to the "hollywood reporter." it's the first time he's answered questions in a year and a half. erik: i'm not trying to spread rumor, but people have wondered given his absence from the public eye whether he was still around. bill: he is still alive. i did not see him myself that he did answer e-mail questions or they were answered, let's say. it took three weeks for them to answer them. but they were somewhat monosyllabic answers which you could have done faster than three weeks, but

. >>> warren buffett is betting on hillary clinton. the oracle of omaha speaking out on the 2016 race to our very own liz claman? >> i think she is most likely person to be president of the united states, elected in 2016. and i'm going to vote for her. melissa: hmmm. former secretary of state taking a hit in the polls though. still holding an edge over her potential gop rivals. this is according to the "wall street journal" here now is tony sayegh from jamestown associates and fox news contributor. simon constable from the "wall street journal." rich lowery from the "national review." he is also a fox news contributor. rich, let me start with you, why is warren buffett loving hillary clinton right now? >> basically a democrat. i hope that is not really his reason for voting for her. he thinks she is going to win. actually it has been looking, hasn't been looking so great lately for her. we've seen a big erosion in the polls. some of which is inevitable when she stopped as secretary of state but some which is clearly driven by this awfu

death of freddie gray a homicide, and charging one of the six officers involved with murder. >>> warren buffetteekend with warren" in omaha, and our own liz claman is there, she'll join us live with the preview. >>> elon musk charged up with the solar powered home batteries. it will change the world? >>> in a show about billionaires, george soros in hot water for billions he reportedly owes the irs. why he's being called a hypocrite? >>> plus why companies

net jet is run by warren buffett the oracle of omaha.e picked up the interview with warren buffett, and here's what he said about the net jet pilots that want more. >> they average about $145,000 annually. and they're on for seven days and off for seven days. they like the work arrangements. they like that they can enter the system at almost anyplace. we don't see our pilots going elsewhere. they have good jobs. we have a good business. liz: it's a dispute that's dragged on for some years. is that the way pilots really feel? joining us now, pedro is the president of net jet's association of shared pilots, the union representing net jet's pilots. okay. are you guys going to strike? this is going on for so long, at some point, pedro, there is a massive stalemate, someone has to move on this. >> we're currently in mediation. we're probably ten or 12 months before we can request to go on strike. liz: you have to request to go on strike? >> we have to request under the rules we work under to have the ability to go on strike. and we're probabl

warren buffett is here. >> warren buffett? >> hey! warren: mayweather, you are going down! an ugly face. [bleep] [bleep] [bleep] [bleep] floyd mayweather: you are a dead man, buffett. charlie: this is a special report, we interrupt with startling news from las vegas, nevada. in a development, warren buffett known as the article of omaha has challenged current champion floyd mayweather for the welterweight championship of the world and mayweather has accepted his challenge. buffet fighting under "the berkshire bomber" is going to face undefeated floyd in the mgm grand in las vegas just 10 days from now. warren: mayweather asked to meet but i was too busy. >> if warren loses, i get his office. >> mr. buffett -- three weeks. they say he is in training. really, training? ♪ ["rocky" theme playing] >> go. >> faster. >> faster. >> live from the mgm, the biggest money fight in a boxing history brought to you by dairy queen, nebraska furniture mart geico. >> ladies and gentlemen, good evening and welcome to the mgm grand arena in las vegas nevada. the time has come for the bout you

catch more of warren buffett on a prime time special at 8:00 p.m. police killed two gun plen as they launch a violent terror attack in texas. was it an assault on free speech or did the group hund last night's mohammed cartoon event go too far? >>> baltimore prosecutors preparing their case against six police officers in the death of freddie gray. critics worry they could have a hard time convincing a jury of some of these charges. was there any kind of rush to judgment. listen up... i'm reworking the menu. veggies you're cool... mayo, corn dogs... you are so out of here! ahh... the complete balanced nutrition of great tasting ensure. with nine grams of protein... and 26 vitamins and minerals. and now with... ...twice as much vitamin d ...which up to 90% of people don't get enough of. ohhhhhhh. the sunshine vitamin! ensure now has 2x more vitamin d to support strong bones. ensure. take life in. do you suffer from constipation or irregularity? trust dulcolax® for dependable relief. try free at dulcolaxoffers.com dulcolax® stool softener makes it easi

and the dow is still about 1% away from its record high. >>> when warren buffett speaks wall street and the rest of the world listens. up next highlights from that humdinger of an interview with becky quick. the oracle of omaha, along with reaction from a top buffett watcher. >>> also, jeffrey gundlach and he'll talk about the fed policy. i hope the dollar and a lot more. >>> later, as if that wasn't enough, grammy winner pitbull will be with us from the emerge america conference. find out why he wants to turn miami into the next tech hub. ♪ >>> all right. heading into the "closing bell," over 20 minute to goes. we have a rally, the dow is up 66 points. we're watching that s&p level. will we close at a new high? 2117.69 is the level. >> warren buffett was on the network talking about valuation, ibm and the other investments with our own becky quick. becky has these highlights. >> the biggest question most have of warren buffett what he thinks of the stock market overall? every once in a while he has called a topper or a bottom. it's much murkier and that's because it depends on what hap

. >>> warren buffett hosting annual "weekend with warren" in omaha, and our own liz claman is there she'll join us live with the preview. >>> elon musk charged up witholar powered home batteries. it will change the world? >>> in a show about billionaires, george soros in hot water for billions he reportedly owes the irs. why he's being called a hypocrite? >>> plus why companies are not doing more to keep you and your information safe from hackers. all that and much more on "the willis report," where consumers are our business. okay, criminal charges in the death of 25-year-old freddie gray. six officers have been charged the officer driving the van carrying gray charged with murder. the state's attorney for baltimore making the announcement one day after the police department handed in its investigation report. >> the findings of our comprehensive thorough and independent investigation coupled with the medical examiner's determination that mr. gray's death was a homicide, which we received today, has led us to believe that we have probable cause to file criminal charges. >> yes! >> that wa

. >>> warren buffett hosting annual "weekend with warren" in omaha, and our own liz claman is there she'll join us live with the preview. >>> elon musk charged up with the solar powered home batteries. it will change the world? >>> in a show about billionaires, george soros in hot water for billions he reportedly owes the irs. why he's being called a hypocrite? >>> plus why companies are not doing more to keep you and your information safe from hackers. all that and much more on "the willis report," where consumers are our business. okay, criminal charges in the death of 25-year-old freddie gray. six officers have been charged the officer driving the van carrying gray charged with murder. the state's attorney for baltimore making the announcement one day after the police department handed in its investigation report. >> the findings of our comprehensive thorough and independent investigation coupled with the medical examiner's determination that mr. gray's death was a homicide, which we received today, has led us to believe that we have probable cause to file criminal charges. >> yes! >> t

warren buffett making some comments. not sure if this is from the videoconference call or not but let's get you the headlines. there is some general statement from the exalted about how they want to re-organized into different -- reorganize into different segments. it sees meeting the top and of a three-year $20 billion cash return by the end of 2016 and is targeting $20 billion in net savings by 2018. these plans go out three to five years. mcdonald's is looking for a cost structure to be a lot leaner than it currently is. these warren buffett comments at this point only relate to being franchise owned. betty: scarlet, thank you. the cisco news, in many ways it is surprising, because john chambers has said over and over again, do not ask you. -- do not ask me and i have asked him over and over again about stepping down as the company's limits of trouble. and here he is nothing down. -- stepping down. coming up, a massive opportunity for insurance companies. ♪ betty: watch out, last year half of all small businesses feel

eastern, for "warren buffett's america." is partner, charlie monger, who many people here like to hear more from than buffett himself. then bill gates, one of the board members. a fascinating look. you have got to watch, 8:00 p.m. eastern tonight, "warren buffett's america," right here on fox business. back to you. >> we will be watching. liz claman from omaha, thank you very much. adam: we're watching jeff flock. he is at the malibu plant for gm in kansas. what is going on, jeff? >> always great to get inside the plant to actually see cars moving down the production line. this production line does not stop, adam and cheryl. three shifts here at the fairfax assembly plant where today they celebrated 500 million vehicles made by gm over the course of history. more than toyota, more than vw, more than ford. they had 300 million plus. a special day here at gm. we talked to mary barra earlier today. talked to the alan beatty, president of gm north america about the volt. this is very successful vehicle, the malibu. volt hasn't be

don't raise the minimum wage, says warren buffett.has a better way to put the money into the hands of the poor. here's a direct quote from his wall street journal. the better answer is a major and carefully crafted experiment of the income tax credit. the process is simple. you file a tax return and the government sends you a check. how nice. that is more one of the corrupt of all government programs, that is redistribution at large and warren for it. >> yeah. it's a conservative idea stuart. the idea originated with milton freeman on, but the problem is when he proposed it, he said let's get rid of all the other welfare programs and reward work. instead what the government did is said let's add this on top the all the other programs and sure enough just last year -- actually most years you have double-digit frauds in the billions . stuart: that's right. >> $19 billion, it has a 27% error rate. can you imagine a private company that was a 27% fraud rate? it would be the worst business in the world . stuart: an incentive to work over t

here in omaha, it's all about birk shire hathaway and warren buffett. they own 100% of the rail giant bsf, who had been underperforming. now buffett says things are looking up. >> they've improved dramatically. if you look at the figures in the first quarter in terms of train ve loss si, even in terms of earnings, you'll see a big, big change relative to the union pacific, which is our yardstick. so it's turned around even faster than i thought it would. >> that's good news for burlington northern checktive chairman matt rhodes. the company is the nation's second largest freight rail system and hauls half of all the freight in the united states. that's nearly $70 billion worth of consumer goods and commodities. that gives him a pretty good view on how the economy is doing. we sat down with him to find out what he thinks. >> the overall economy is fine. it's not great. i think we're in a weird transition. the oil -- the energy renaissance had such a spillover effect. it was creating a little bit of heat out there in terms of inflationary things, people we

here's a comment on warren buffett. big smile on his face his name is charles payne.ou say? >> well, because i love warren buffett's success but been calling him out for years on this. warren buffett is admired in a big fight with pilot who is think they could be paid more. you don't want to pay more of a fine. but some accuse hmm of being a predatory lender to the clayton home it is division. here's parking a man to progressive administration and tax policies that are crushing small businesses nowhere near his size of scope businesses that make it a day when he makes minute. they have to pay higher taxes because he lent credibility that they were ripping off american public so i'm glad that more, and more people are standing up. listen, warren celebrate his success but don't be -- try to get away this grandfatherly you know listen i just drink dairy queen all day and one of the people. you're not, you're not you fought tooth and nail and 5 million because out of principle you believe in the same they things that all capitalists believe in unless you want it both ways

warren buffett warren buffett warns markets are overpriced. >>> historic talks were held between political leaders between china and taiwan and beijing today. taiwan repeated its bid to rejoin the china aaib. china has bounding its-- has blocked its attempts. the asian bank says it's willing to work its new infrastructure as it meets in azerbaijan. how important is this annual meeting? jt an interesting start up to this annual meeting at the asian development bank here inbacku, azerbaijan. it started off with a friendly note with a shaking of hands. they are going to talk about co-financing projects in the future, maybe co-lending to those in need. this is quite surprising given that a lot of people thought that it's more of an infrastructure bank. this is started up by china, china didn't have enough sway when it comes to the adb, the aiib the adb is still bigger than china's aiib. now, one recipient nation says whether it's adb money or aiib money, they will take both and they don't know what all this controversy is b. >> i think it's just it's more politics other than the substantial is

and in our signature segment: warren buffett invests in a plan to try to reverse decades of poverty in cities across america. next on pbs newshour weekend. >> pbs newshour weekend is made possible by: corporate funding is provided by mutual of america-- designing customized individual and group retirement products. that's why we are your retirement company. additional support is provided by: and by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. >> from klru, austin, texas hari sreenivasan. >> good evening thanks for joining us, we begin tonight with some good news, >> sreenivasan: good evening. thanks for joining us. we begin tonight with good news. word from the world health organization that liberia is now officially free of ebola. the report touched off celebratory dancing today in the capital city of monrovia. liberia has now gone 42 days without a new case of ebola being detected-- twice the length of the incubation period. nearly 5,000 of the 11,000 who died of the disease since march of 2014 were liberian. the d

that will do it, sure. >>> warren buffett, warren buffett coming out swinging. for $15 an hour. in a new "wall street journal" op-ed the billionaire investor beats the same drum when he talked with our own liz claman earlier this month and here is what buffett says will really help the working class. >> far more effective in terms of reducing poverty to increase the earned income tax credit and to rearrange it in some manner. earned income tax credit rewards work basically. tough work to get it. it puts real money in people's pocket and does not distort supply and demand for labor. anytime you fool around with price fixing in the market system, you can't only do one thing in economics and, if you raise the minimum wage substantially i think a lot of people would not have jobs. cheryl: hmmm. jonathan hoenig of capitalist pig hedge fund joins me now. fox news contributor as well. jack hough is here. jim moran is back. mr. buffett is talking he says basically the rich did not create the poor but he thinks that we should do what we can as a society, excuse me, to he

ceo warren buffett calls it the woodstock for capitalists.ed the coca-cola shareholders meeting earlier this week, and he did this. warren buffett: ♪ i would like to teach the world to sing in perfect harmony i would like to buy the world a coke and keep it company ♪ betty: taking me back to matt holliday. what else can we expect this weekend in omaha? joining us from omaha is lawrence cunningham, a professor of law at george washington university, and author of "berkshire beyond buffett." might we see some big sales for your book? prof. cunningham: warren picks books to sell at the meeting, and he picked "book sure beyond buffet." warren buffett is the eric clapton of business. a rock star who makes difficult things look easy. betty: indeed. there will be lots of questions. what happens all the time, someone will ask him about succession the older he gets, the more the questions arise. so, you know, this time, people are going to look more closely lawrence, as greatg able. matt seems to be out of favor given the trouble that buffett singled

and the lunch with warren buffett charity fundraiser. last year the winner paid $2.2 million. people don't enjoy talking about mo is th biggest conflict in couples. how can couples get on the same page? sharon epperson is here about how couples can get the conversation going. >> the solution is to have open communication and talk regularly about your future. maybe have financial date nights. making financial decisions should not be a shore. i talk to one couple who gave us the inside scoop on how they handle their money dates. >> many cups may think date night should be all about romance, but for brian and tera feldt, it is oft 10:00 at night. we're usually tired by ten, so that is our together time. >> we talk about budgeting. trying to set money aside for certain activities with the kids coming up. different expenses. summer camps. >> even on those rare nights out away from the kids, money matters are usually the main topics of discussion. >> when we do get to go out, and we have a babysitter, that is the topic of choice. >> budgeting for vacation, buying a home, or day toda

reaction to warren buffett's prescription for income inequality. memorial day weekend, it is time for the indy 500. we'll talk to the ceo of the celebrated holiday race when we come back. there is an ancient rhythm... [♪] that flows through all things... through rocky spires... [♪] and ocean's swell... [♪] the endless... stillness of green... [♪] and in the restless depths of human hearts... [♪] the voice of the wild within. >>> i don't know if they're going to do it. the number to watch on nasdaq is 5,092.09. >> just about there. >> it's very close right now. this 500 million to sell that art cashin pointed out is taking a toll here with the dow down 36 and the s&p down 3. david darst independent consultant joins us right now. this market, the hallmark has been flat lining. you're not getting much volatility with all the economic data, the better housing starts this week. the -- >> four vs. >> four vs. >> low volume. record highs on extremely low volume. low volatility. 12.5 long-term average is 20 as you both know. low validation. so we haven't h

. >> safer: his friend warren buffett says rubenstein's approach is unique. >> warren buffett: he mayup in the morning without knowing what that philanthropic act is going to be by sundown. but something will spark his interest, and when it does he... he can move. >> safer: jonathan jarvis is director of the national park service. he oversees the nation's memorials. have you ever had any offers of somebody who's come forth with his attitude and his dough? >> jonathan jarvis: not really. i think david is somewhat unique and is sort of occupying this space of patriotic philanthropy at the moment. >> safer: what else has he offered to pay for? >> jarvis: well, the next big project he did after the washington monument was the robert e. lee memorial which sits at arlington cemetery. he gave us $12.3 million to do a full restoration, and then he has also offered just recently $5 million to restore the marine corps war memorial, the iwo jima. david recognized that this is an opportunity to give back to the country, and also to recognize the marine corps, where his father served. >> rubenstei

charlie munger and warren buffett talked about them. they had one heck of a quote. said about activism, it's not a scrufnght activity tconstructiv. that's when warren buffett jumped in and said, i better stop before he names name. i heard that bill ackman was there. i didn't see him. but, you know, i don't think there's a lot of love for activists when it comes to long-term investing. >> mr. buffett can hiv hihavehis view. >> carl icahn is a little different. he's not that much in the short-term pop. charlie: there are activists. carl will say, and he said this on wall street, and it was joke. he would say say there are activists. and then there are activists. look at the nelson peltz of the world. the car carl icahns of the world, they're in there longer. (?) they say common sense things. these ceos have it made for years. they're just there. now they're getting pushback. and they're getting mad. and they're unleashing their friends like warren buffett and larry fink. >> come back to us tomorrow. we want to see you with the fanny pack. >> tomorrow we'll have the ca

bidding ends for the 16th annual lunch with warren buffett fundraiser. last year's winner paid $2.2 million to dine with the oracle of omaha. few people enjoy talking about money and it's one of the most common arguments between couples. a recent poll found couples in sync about budgeting and saving feel more financially secure. finance correspondent sharon epperson is here with an interesting take on how couples can get the conversation going about money and their future. >> the solution is to have open communication and communicate regularly about your money and future. maybe try having financial date nights. carve out time to discuss money matters but in a fun and relaxed way. making financial decisions shouldn't be a chore. one couple gave us an inside scoop how they handle their money dates. >> many couples may think date night should be all about romance. but for brian and tara felt, it's more practical. >> nine to 10:00 p.m. week nights, try to get the kids at bet at 9:00, which turns out to be 9:30 then usually we're tired by 10:00. that's litera

>> people who don't smile according to warren buffett. anyway, i'm with you. so are my kids.n simon, who has more chemicals in their food, you or ppg? >>> coming up -- >> we call it the mother fraccer. >> a big activist investor put the smack down on the drilling stocks but is he dead fracking wrong? don't miss cramer's take. you can call me shallow... but, i have a wandering eye. i mean, come on. national gives me the control to choose any car in the aisle i want. i could choose you... or i could choose her if i like her more. and i do. oh, the silent treatment. real mature. so you wanna get out of here? go national. go like a pro. >>> time for your business entrepreneur of the week. it was only natural that linda started helping christina out when she started her jewelry company christina v. neither of them ever guessed that linda would become the number one employee. for more watch "your business" sunday mornings, 7:30 on msnbc. >>> okay listen to me. not all oil companies are created equally. yet, they're attacked equally and the stocks can fall equally. that's what we le

today, he has an estimated $1.4 billion. >> when i get to know what bill gates do and warren buffett,anted to do the same way he did it. >> reporter: his charity will go toward helping refugees around the world. >> you can save a life, make somebody's life better. why wait for 70 years while you can do it right now. >> reporter: how has it changed philanthropy? >> to do it at a younger age and to be more bold because they see people with similar causes. >> i want people to say that it's the right thing to do. >> reporter: for "this week," rebecca jarvis -- abc news, new york. >> thanks to rebecca for that. >>> finally in this week's spotlight, bob schriefer anchoring his final report. over five decades at cbs news he's done it all. an chorg presidential debates and the ening news. congratulations, bob, you have done it all. you have done it so well. and you'll be missed. >>> that's all for us today. thanks for sharing part of your sunday with us. check out "world news tonight" and i'll see you tomorrow on "gm "gma." >> he could be the next mayor of philadelphia, but do you know who he

despite warren buffett's impressive record.a stock he should have added to his portfolio over the years, but didn't? first though, disney hitting an all-time high after reporting better than expected earnings. are they unstoppable? gary smith. bob from tangent capital. and our own cheryl casone. (?) to disney. glitches, what could it be, gary? >> i don't see any. i like how you threw the "frozen" in there when you were talking about it. i think they actually have more potential. first of all, i own disney. so i'm a big fan. they have marvel. that is obviously now the big franchise. >> "avengers," huge. >> they got the star wars coming out. they've shown that they really know how to do synergy. i saw that. was down at the park. they're tying in "frozen" with the epcot stuff. if they tie in marvel and all their abc and all that stuff, they're a monster. >> bob, star wars. the critics will be out. what if there's a slight stumble with star wars? >> listen, the last good star wars movie o was 1983. there is risk here. a lot of peop

monday don't miss warren buffett live on "squawk box" for three hours. at 6:00 a.m. eastern time. much more "squawk box" still ahead. ahead. there's some facts about seaworld we'd like you to know. we don't collect killer whales from the wild. and haven't for 35 years. with the hightest standard of animal care in the world, our whales are healthy. they're thriving. i wouldn't work here if they weren't. and government research shows they live just as long as whales in the wild. caring for these whales, we have a great responsibility to get that right. and we take it very seriously. because we love them. and we know you love them too. ideas come into this world ugly and messy. they are the natural born enemy of the way things are. yes, ideas are scary and messy and fragile. but under the proper care, they become something beautiful. >>> inside the businesses of berkshire hathaway. in this hour mario gabelli on the future of berkshire plus his bet on the big race. chairman and ceo of nebraska furniture mart on expansion of the lone star state. >>> is apple

the same with warren buffett. he can move markets and politics, too.e way to go. >> he wants to take money from here and give it there. literally give it. >> that's what he wants to do. he's always generous with other people's money including taxpayers money where he's very astute on his own tax bill. stuart: he's a brilliant investor. the best in 50 years. >> when you talk about the minimum wage is sounding more like a senate republican. he seen it will cost a lot of jobs. the earned income tax credit and the fraud money goes out to fraudsters. train to thank you very much elizabeth. more for you. the leaders of france and saudi arabia pushing for tougher nuclear deal with iran. the country is calling for robust and verifiable restriction on iran's nuclear program releasing a statement. here's the quote. the agreement is not the table as security and stability of the region, nor threaten the security and stability of iran's neighbors. fox news national security case in the is here. that is a serious setback for the deal. france and saudi arabia and sa

we kick it off with the aforementioned warren buffett who had this to say about ibm on squawk box. >> ibm earns infinite returns on a tangible common equity. those are very good businesses not just ibm, you can take the others, but those are basically very good businesses. we have a huge tangible investment. there is no net tangible investment. they are earning infinite returns on net tangible equity at ibm. >> guy? >> but ibm, again, that argument could have been made 12 months, 15 months ago. ibm has not traded well for the last two years. again, they have great businesses, they have declining businesses, but something is interesting. the last quarter i didn't think was very good. revenue missed again which is a theme we've seen for many quarters in a row. stock traded off but it's rallied significantly since. i wonder if some of that rally is they announced they're going to increase their dividend but a lot of news out there in the sales force, one has to wonder is ibm in the sales force of crm sweepstakes. >> i think the psychology on the stock couldn't have gotten a whole lot wor

warren buffett, 94-99, there's a huge boast anywhere baron's that said, warren buffett is losing hisch. that's part of the game. we've had a really good run. for us, it's all about expectation management. don't expect that. we're not a short-term trade this is a long-term investment. >> 2013, plus 36%. year to date you're up 3.5. >> you mentioned best buy and bed, bath and beyond. best buy, if you were in it before this week you're feeling even better. >> and also in gap, too. so you win some, you lose some when you buy trash stocks, that's how it works. >> what about energy? you said you bought big in february? >> yeah is our model again is totally agnostic to what's going on with market psychology. all of a sudden oil you know, bombs out, drops 50% in february our model says hey, you guys should buy a lot of oil stocks. so we went a quarter of our poifrl into oil. a lot that is good luck, it's how the system works, three months later we rebalanced three weeks ago. we're still big in oil. around 15%. we've moved huge into consumer discretionary. >> what is the model looking for, whe

abc's rebecca jarvis sat down with the pledge founders, warren buffett and bill and melinda gates tock the progress. >> reporter: they hang out with rock stars. even presidents. >> he's so thrifty i had to give him a white house tie. when bill gates came he wanted one, too. >> reporter: but for the past five years, these billionaires have focused on a remarkable mission -- giving away their massive fortunes to charity. you decided to give away 99%. of your wealth. >> other people can buy vacsiecine vaccines. it can buy education. besides, you know, 20 years from now, i'll be in a place where there will be no form 400. >> reporter: we visited warren buffett and bill and melinda gates to talk about the giving pledge and the challenges ahead. >> i have been amazed. how receptive people have been. >> reporter: what began as 40 billionaires pledging to donate at least half their money has tripled. 135 individuals from 14 countries. a total of $1 trillion in commitments from the likes of facebook's mark zuckerberg richard branson. >> these people are giving a minimum of 500 -- >> reporter:

many investors hang on warren buffett's every word. one manager says the billionaire talks from both sides of his mouth. during a las vegas conference daniel called buffett inconsistent. he says buffett criticizes hedge funds and financial services companies but he invests in them. he is like one, he says. whole foods is going after millenials. the chain is introducing a line of lower-priced stores to attract younger shoppers. the company known for its organic foods is using traffic -- is boosting traffic. revenue came up short and sales growth slowed down. we are focused this week on jobs. within the next 15 minutes, we will get the latest read on jobs claims at a 15 year low right now. that comes ahead of the government's monthly labor report on friday. we are working with someone who works 20 47 but that doesn't mean he wants to stay all day on the court. and greenberg now the chairman and ceo of star. we wanted to say happy birthday to you. mr. greenberg: great to see you. betty: what are you seeing through your businesses on the e

warren buffett did say something today don't raise the minimum wage there are better ways to put moneyng poor. talking about the biggest redistribution bigger checks from treasury people that don't make a lot of money at work this is the quotation the better answer is the craft expansion of the earned income tax credit that goes to millions of low-income workers to file taxes and the government since a check. is he on to something? could resolve the minimum wage debate? bernanke is onto something but there are 300 tax changes to the stimulus bill this year low that created more bureaucracy we don't even understand the tax code that we have now somehow with this adjustment make things easier? he did is mitt there is a lot of fraud rehabing problems to make sure it is legitimate so we cannot get rid of their current fraud how do we do this? >> so many have to pay for its evert bond issue that the corporations that have to pay more money or the government that means we are paying the taxes and pay for it it doesn't work either way. charles: there are major differences between the private

olivia: my morning must read, warren buffett is against raising the minimum wage. what he thinks we should be doing instead. the latest and greatest in american heavy metal, we have a new look at the corvette stingray. interview.chatzker's mike pearson,with asked him about his big buying streak, and whether his stock will keep trading. olivia: the cost of living rising at a pace faster than expected. excluding food and fuel, it saw its biggest gain over two years. joining us to discuss is josh wright, u.s. economist. we are also joined by bloomberg stocks editor mike reagan. they've basically made it sound like a june rate hike was off the table and then here comes inflation. >> we will hear from her later today but the reaction in the markets was pretty fascinating. stocks are down, treasuries are down, but a big exaggerated move in the euro. erik: lack of liquidity. it is a pre-holiday in the united states. there are a number of euro-dollar options expiring today. that is the ground covered by this move. hard to really make the connection too strongly but it is i

warren buffett and bill gates. as well as berkshire hathaway vice chairman charlie munger.r this broadcast 8:00 p.m. eastern. at the weekend box office the avengers age of ultron easily claiming the top spot. debuting with $188 million. (?) gest debut weekend in movie history falling 20 million short of the franchise's first installment. it did represent 85% of the total weekend box office. that is a new record. 85%. man! lions gate, age of adaline was second. 6.2 million. universal's record-breaking furious seven falling to third after a strong three-week run on top. a name honoring both her grandparents and the queen. duchess gave birth to charlotte elizabeth diana on saturday. fourth in line to the throne behind only her father her brother prince george. a former green -- found his way to the nfl at the age of 34. the seattle seahawks reached a -- with nate. he did tours with afghanistan and iraq before returning to college at the age of 29. he went undrafted over the weekend. but says coach pete carroll called him and offered him a job just moments after the final pick