like qualities of warren buffett that bitcoin has exposed remember this is why they're so angry about bitcoins have bitcoin has exposed those two as charlatans and all of their friends on wall street this is from nomi prins this is what real collusion looks like when one central bank the fed reduces q.e. another accelerates maintaining the average rate of developed countries at zero percent and the tide of asset purchases rising here is the chart of course the red line is the u.s. fad the blue line is the e.c.b. and the green line is the bank of japan max you had said this you suggested this long ago that whenever the fed stops or slows down with q.e. the e.c.b. picks up and vice versa and this data that nomi prins linked to suggests this is true and a lot of people to point this out peter schiff. richard jim rickards you know people that we've got on the show know me proves that the global increase in money printing as never decreased because you can't put a tape or a ponzi scheme so people say to me oh you know the fed's raising rates i thought you said you can't taper a ponzi schem

of charlie munger who's ninety four i like cryptocurrency is a lot less than you do he said to warren buffett to me it's just dementia is like somebody else's trading turds and you decided you can't be left out i think because charlie munger is ninety four warren buffet's eighty seven they're both getting ready to you know shed their mortal coil and exit berkshire hathaway. cryptocurrency these big coin is a response to their legacy they're witnessing what that what they caused this is a response to the financial system they created they had wish this had happened after they were gone and these are just old men railing against the youth who who have like basically given them the middle finger for their financial system that they left behind this new generation of sussed out that the financial markets have been rigged horribly by the likes of the crony capitalists over there berkshire hathaway and their friends at the central banks and even the st louis central bank head recently said that this new generation is embracing crypto as a reaction to the two thousand a crisis so i think that's impo

something they don't really understand he said that crypto currencies will come to a bad ending warren buffett eighty seven in terms of charlie munger who's ninety four i like cryptocurrency is a lot less than you do he said to one buffett to me it's just dementia is like somebody else's trading turds and you decided you can't be left out i think because charlie munger is ninety four warren buffet's eighty seven they're both getting ready to you know shed their mortal coil and exit berkshire hathaway. cryptocurrency these big coin is a response to their legacy their witnessing what that what they caused this is a response to the financial system they created they had wish this had happened after they were gone and these are just old men railing against the youth who who have like basically given them the middle finger for their financial system that they left behind this new generation of sussed out that the financial markets have been rigged horribly by the likes of the crony capitalists over their berkshire hathaway and their friends at the central banks and even the st louis central bank he

open higher by 9 points or so but watching shares of apple this morning we're doing so because warren buffettold becky quick that berkshire hathaway bought a whopping 75 million shares of the tech giant in the first quarter. here's what buffett said to becky last night >> it is an unbelievable company. if you look at apple, i think it earns almost twice as much as the second most profitable company in the united states it's a wide, wide gap. it's an amazing business here's a company that's -- whatever the earnings are, 60 billion or whatever, you can put all their products on a dining room table >> they already own 165 million shares of it before. though were a huge shareholder of apple to tack on another 75 million on top of that is -- first of all, i guess if you are an investor with a background and a history like warren buffett, you see trends, you see large scale purchases -- the size of the apple stake that berkshire has makes it one of these buffett picks. he's got himself, his two lieutenants with him, they pick them together. when you talk about multibillion dollar positions, buffett

to get warren buffett to invest in something that i'm involved in. so far i failed. >>> we have some numbers out of italy, the jobless rate is 11.2%, higher than the forecast of 10.9. let's look at the reaction across europe to what is going on in italy. the heat map shows more green on the board. the euro/dollar up, slightly good news prompting that move higher against the u.s. dollar in terms of stocks, it's a positive start to the morning. so far the stoxx 600 is up 0.1%. and if you look across the individual indices driving those numbers, you can see that it's been well reflected here in london, in paris and in italy where the ftse mib is up 0.4 the xetra dax in germany is the laggard in terms of sectors behind some of those numbers, you can see construction bouncing back up energy is up a half percent, but utilities and autos, based on that news about the german automakers and the u.s. imposing tariffs to try to stop them, autos down more than half of a percent. let's look at the italian stock market a lot of those blue chip stocks are back in t

password today, warren buffett has jacked up to $174 billion. his top holdings, apple, wells fargo, bank of america and u.s. food giant craft lines. let's meet the ceo. he asked like he shy but he's not. you are the ceo of the combined company craft lines. how many bottles of ketchup and mustard will you serve to this crazy crowd. >> oh my gosh. we brought 7000 of each. >> you have numbers that just came out. your stock jumped the most in a year. it's up about 6% today. how do you navigate the changing waters of the food industry because of these trends in the past five years, locally sourced, organic, gluten-free at a time when you've got cello and planters peanuts and velveeta. >> i think it's all about understanding consumers, understanding the command and chang command chain. we been growing by adding new offerings like organic and flavors and so on. we just came out with heinz mail that were very excited about. >> they don't have a name yet for that. >> the mayonnaise in retail now but this is the mayonnaise ketchup. >> this is part of 3g,

fantastic last night, getting in touch with warren buffett. shocked that buffett was looking and poking around at uber i don't think of him like a private company investment guy >> not a private company investment i go and not a technology investment guy. he did build up a solid stake of ibm and then shares of apple buffett saying not all the details of some reports out there are correct but telling us they had looked at uber and that he was a fan of dara khosrowshahi we'll talk more about that coming up. then what dara khosrowshahi had to say about warren buffett. that's coming up at the top of your show you talked about how you think interest rates are being underreported. the idea that interest rates back below 3% for the ten-year and how big of an impact that's had on so many investors including bill gross we'll talk about that with a lot of different market guests today. >>> then i want to talk about a big issue with trade the trade wars, are they on again or off again it was less than two weeks ago we were talking to treasury secretary mn

>>> will do. >> bold man to go up against buffett, munger and gates. >> three billionaires of warren buffett you heard at the beginning of the segment, slamming bitcoin today but it's not the first time he's talked about it for that, we go back to dominic and a brand-new cnbc buffett archive. >> this is pretty amazing because if you want to look at anything that warren buffett has said over the last quarter of a century in annual meetings, in his interviews with cnbc, this is now the definitive place to go for it, the biggest collection of video tied to berkshire hathaway and warren buffett. buffett.cnbc.com as you can see, we've got annual meetings cataloged and transcripted we have cnbc interviews. one thing i want to focus on here is this whole bitcoin conversation that you guys have been having because we can actually go back and try to find all the times warren buffett or charlie munger have made comments we've got quite a few times over the last couple of years but you go all the way back to the 2013 annual meeting, and both charlie munger and warren buffett had mentioned ed mentioned

last night, joe, we caught up with warren buffett. news on berkshire hathaway's apple investment. we asked him what he thought about apple's most recent quarter. here's what he had to say. >> there are surprises it is an unbelievable company. if you look at apple, it earns almost twice as much as the second profitable company in the united states. it's a wide, wide gap. i mean, it's an amazing business here is a company that's whatever the earnings are, $60 billion or whatever. and you could put all their products on a dining room table. i mean, that's not the way it used to be in this country we don't own it for the next quarter. it is incredible to me how you read the investor calls after reports. or you read all the analyst reports and they talk about what it is next year. nobody buys a farm based on whether they think it's going to rain next year or not. the relevant question when you're looking at buying part of a business is where's it going to be in 10 or 20 years? it may be you don't know the idea of spending loads of time try

. >>> but first up, warren buffett has a message for investors in this market, choose stocks over bondsbecky quick asked him if he's concerned about a stock market bubble in light of recent record highs. here's his response. >> this is not one of those times. now, if government bonds go to 7% or 8%, which means if you own a long bond, you'll get killed the stock you bought now will not necessarily look attractive. it probably won't be attractive. i mean, it -- interest rates are like gravity if interest rates are 1% and going to be that for 100 years, obviously, anything that yields you 2% to 3% is way better but i don't think they're going to be 1% for 100 years. >> i said it wouldn't take him a nanosecond to choose equities over treasuries. >> well, look, once again, he is just joyful. he talks about owning index funds for everybody. just says, frankly, that there are not a lot of companies that he would like to buy right now then he goes forward and talks about companies he would like to buy during the break, david. >> yeah. right. >> right >> correct >> yes you're referring specific

away warren buffett knows and understands that.much so that he bought a basket of a 75 million apple shares the oracle of omaha back with me this morning. i record high. up to 4% since this was all disclosed. i would love to know how you purchased it. on the open market. day by day we monitor it. and that's how we write virtually everything. i would just tell mark in the morning just to 5% of the volume or whatever it may be. you ran into position already who was the first to bring apple to your table? >> one of our managers told me about it. i knew steve jobs a little bit. i had been familiar with the company but i got a get a perspective on it in development it just occurred to me as one of the great consumer product ever. better than the popcorn maker much more than icloud. a shareholder sent me an iphone ten in the sent me a very nice one with it. i will get to it. eventually. amazon is obviously a freight train. it's quite unbelievable. when you start to hear rumblings in washington dc it's break this up. this is pure capitali

warren buffett proposed an uber investment earlier this year.o have billion, but the talks did not lead anywhere. joining us now is eric newcomer who broke the story. was this uber reaching out or warren buffett offering on his own? >> this was a serious twotiation between the post-softbank deal in january. they were discussing back-and-forth different configurations and deal sizes. more than $3me in billion and centered around that number. there is talk on uber side of lowering the number. the proposed deal offers very favorable terms to buffet. that was the concern on the air uber size. julia: warren buffett is known for being pretty widely in these situations. we saw that in the financial crisis. it does cost and make great returns for him. >> it is funny because the financial crisis was this global disaster. this was a disaster of uber's own making. by the time they are having serious conversations with warren buffett, they already had the new ceo in september and softbank had come to the table. the belief was we are turning the page on our

and don't forget today we are introducing the warren buffett archive. collection of buffett speaking about business, investing, money, and life includes 25 full annual meetings going all the way back to 1994 highlight reel for each. plus cnbc interviews, buffett timeline, and berkshire portfolio tracker. be sure to check it out. buffett.cnbc.com it is very cool. meur iju ax" retnsn st mont ve man, mr. stevens. your testimony will save lives. mr. stevens? this is your new name. this is your new house. and a perfectly inconspicuous suv. you must become invisible. [hero] i'll take my chances. people don't invest in stocks and bonds. they don't invest in alternatives or municipal strategies. what people really invest in is what they hope to get out of life. but helping them get there means you can't approach investing from just one point of view. because it's only when you collaborate and cross-pollinate many points of view that something wonderful can happen. those people might just get what they want out of life. or they could get even more. what they want

warren buffett doesn't tweet but he does have an@warren buffett. >> thank you so much. >>> bank of america will give financial support to remington, the bank will go make a. this comes weeks after bank of america said it would stop financing military style weapons for civilians after the florida school shooting massacre in february. bank of america is contributing $43 million-$193 million lending package by seven banks. the goal of the loan is to help remington get back on its feet as it emerges from bankruptcy. >>> two big names in the world of coffee are teaming up to take on a powerful rival. nestli will pay starbucks more than $7 billion in cash to a nestli to start selling starbucks products in nestli's coffee systems beginning next year. nestli's capsules are competing with the kuerig cups. k's include pete's and green mountain coffee. starbucks will make coffee in north america and starbucks will make coffee for the -- nestli will make coffee for the rest of the well. >>> grocery stores, convenience stores, restaurants, vending machines, eating movie theaters have to have a calorie

by one-on-one life with warren buffett and charlie munger.through the thought mind, ask them what happens when they decide they want to buy a business. what does each one of them look for and what do they push back on? a fascinating master class of its own right here in the fox business network. back to you. cheryl: a lot more coming up in sports. kevin durant blowing away the new orleans pelicans. garrett maxes coming in. oil topping 70 bucks a barrel for the first time since 2014. we'll decided push about 80 bucks a barrel. the less there than flynn. looking at futures higher. down 59 the premarket. nasdaq up 42.5. we will be right back. to their retirement savings. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they can focus on new things like exotic snacks. talk with your advisor about shield annuities from brighthouse financial- established by metlife. this endangered species is ge

what this is in essence, it is the definitive place for all things warren buffett and is the biggestof primary source information that we have straight from the oracle's mouth. >> the buffett box set, dom, thanks. >> such a cool idea, i love it. >> extraordinary work. >> i'm into it >>in tdetrght ahead. . stevens. your testimony will save lives. mr. stevens? this is your new name. this is your new house. and a perfectly inconspicuous suv. you must become invisible. [hero] i'll take my chances. at ally, we offer low-cost trades and high-yield savings. but if that's not enough, we offer innovative investing tools to prepare you for the future. looks like you hooked it. and if that's not enough, we'll help your kid prepare for the future. don't hook it kid. and if that's still not enough, we'll help your kid's kid prepare for the future. looks like he hooked it. we'll do anything... takes after his grandad. seriously anything, to help you invest for the future. ally. do it right. seriously anything, to help you invest for the future. roundup for lawns has arrived to put unwelcome lawn w

the nasdaq goes positive apple helping things out on news from becky quick that warren buffett boughtroad map for the hour starts with buffett's big bet berkshire hathaway buying 75 million shares in the first quarter. what else he told becky quick. >>> and a deep dive into the april jobs report. the unemployment rate fell to a new 18-year or nearly 18-year low. wage growth,however, remains sluggish how the major averages have been responding and what it means for the fed. >> plus, nike's ceo mark parker reportedly saying sorry. apologizing for the company's culture in an all hands meeting. we've got the detalss. >>> berkshire hathaway buying 75 million shares of apple. speak with becky quick fd she joins us from omaha. big reaction in apple shares >> sara, good morning. good to see all of you warren buffett never really shows his hand or tells anyone what he's buying in terms of a position he likes to keep that secret because he'll often see a reaction as people try and follow what he's investing you may wonder why he told us this he mentioned this because he's going to be outed anyw

besides warren buffett we talked to so many of his managers. he owns 63 companies.man tom to see all of our -- liz claman.com to see all of our archive inters. and you can look us on facebook.com/lizclaman. >>> we've got this, a media merger battle steaming and brewing like the volcano on kilauea on wall street. the closing bell ringing in about 17 minutes. comcast makes a major move to crash disney's bid for fox. but there is one thing comcast ceo brian roberts must see first before he opens his wallet. charlie gasparino's been ahead of the game on this story. he's going to join us with all the latest details on what is shaping up to be the media fight for the ages. charlie breaks it next on "countdown." and tonight be sure to turn in for a special "cavuto coast to coast," election 2018 in ohio and west virginia beginning at 8 p.m. eastern only on fox business. the dow is down just three points. ♪ ♪ did you understand all the fees you were paying? was your broker a fiduciary? were you satisfied with the attention you were getting? then i explain that being independ

you have a big shareholder, one of your top 10, in warren buffett berkshire hathaway.ting something like $750 million. margaret: we learned when the market learned. we did not know ahead of time. we were extraordinarily excited about the fact they took the opportunity to invest in us. i think they are looking at the stability of the business, the fact we have been able to grow, that we are investing for the future. i think they see we were giving opportunity to invest in us. good returns to our shareholders. i think that is the reason. i have not had a personal conversation with warren about the investment, but obviously excited to have them as shareholders. david: i think there are a lot of ceos who would not mind warren buffett investing in their company. he says he invest in management. have you had further contact with berkshire hathaway? margaret: we met with them after they invested and did make a visit to omaha to visit with them. that was after they invested. david: has it changed your life, your company? have other people invested because of warren? margaret:

what can we learn from warren buffett? let's start with the obvious the greatest investor of our time maybe the greatest who has ever lived. at least until we saw president trump's tweet about a decision on the iran deal and we gave up most of our gains. but look, if we get hit with a sell off caused by negotiations with iran, this is the pullback that makes buffet want to buy stock hand over fist buffet is an old fashion guy, he believes in progress and he believes in america. so when we hear him speak like in his fantastic interview this morning in the wake of the berkshire hathaway annual meeting, he extentends to be a reassuring voice by the way, if you missed becky's new documentary about warren buffett, you can catch it right after the show tonight 7:00 eastern sure, he has made mistakes, but nobody is perfect. besides buffet has far more winners than losers. he knows that failure is a better teacher than success. now it is one thing to make a mistake that actually makes you money, but something else to miss out an i

it's encouraging to me as a lifelong investor to know that warren buffett has the same kind of fearst i have the signal that he has given us here is one that i take very seriously, which is that the tech industry is no longer the crazy, wild west situation it was, say, 10 years ago i think he legitimately feared an industry where change was so rapid that it was hard to anticipate what would happen next but i think for a variety of reasons, the major tech companies had reached a level of dominance that, frankly, looks like the rest of the company there really is no competitive threat to apple, google, amazon, even microsoft and from his point of view, i think the whole sector looks like the rest of the economy and i think everyone should look at it that way unless there's a change in anti-trust regulation, unless there are other changes in regulation that affect this industry, it's going to go forward the way it is today. and the success or failure of these companies is really going to drive the return opportunity in the space because it's very hard for new things to get going. >> rog

betty: warren buffett taking questions about policy at the first -- after the first lost since 2009.aidi: it is past 8:00 in sydney. we are two hours away from the open of asia's first major markets. betty: it is after 6:00 p.m. sunday evening in new york. i will look at how the action on wall street will play into the asia-pacific trading day. we saw socks -- stocks surge on friday after that jobs report showing an 18 year low on the jobless rate now below 4%. who would have thought this after the financial crisis? the dow surging 340 points, the s&p higher. look at the nasdaq cowering -- towering ahead. you know, overall throughout last week, it was a doldrums in the market. we ended on a really high note, but that left the markets flat for the week. saw dust haidi: apple was a real standout. here we are getting back to trading from the last week. it was really disrupted by a number of public holidays around the region. korea notably, public holiday. trading in new zealand underway, seeing the upside of .2%. 20 with the u.s. dollar continuing to pick up pace in the friday section,

neil: all right warren buffett no one has made more investing than warren buffett in human history it's a simple fact so his thoughts weighing in on developments on the world they're monitoring and watching liz claman is out in omaha and a lot more from her coming up and a lot more from warren buffett coming up and his thoughts on the world and these chinese talks back and forth which seems to imply that it's not a war in his eyes, but skirmishes can get out of control and jonas max ferris knows about it and kind of worries about it and he's just saying maybe cooler heads prevail but our economic avenger dream team came back, and they didn't have anything. they came back empty handed. what do you think? >> it seems like an agree to not agree meeting which at this point is good. it could have gotten worse and it's not solved the chinese aren't going to magically make a $200 billion trade deaf nit just disappear. neil: if they disagree they didn't want to set an arbitrary number to pair that surplus, right? >> no and you really can't. i mean, what would, ideally, they would stop doing cer

warren buffett says he is buying more apple. we will be in omaha for what to expect from the animal shareholder meeting this weekend. more to come, but we are 30 minutes into the trading day, and julie hyman is here. we typically might see some selling. julie: we are seeing an indecisive day. there's is no room for stocks with the volatility we have seen. we are seeing not much change overall in the wake of the jobs were are dust jobs report this morning that was mixed when it -- in the wake of the jobs report this morning that was mixed when it comes to overall estimates. a lot to way here. if you look at the s&p 500 the past five days, we have seen four of the past five days be negative. this is as investors are trying this as good as it gets. that sentiment encapsulated in the caterpillar conference call earlier in the week. if you look at the economic data, there is the question that remains as well. we have the economics of price index for the united states. that is in blue. that is just buy what margin are economic data po

warren buffett is a rock star. people come from all over the world.es were three, four deep. once they get inside, they get a little glimpse of him walking on the floor. we call that is scrum. he looks at displays of 63 businesses. i asked him about inflation. he has a lot of companies that do capital expenditure. a lot of companies that use steel. his entire railroad is certainly a big consumer of all things material. i asked him what are you seeing on prices rising? here is what he said. >> we're seeing a lot of signs of not, nothing runaway but we're seeing more inflationary signs in the last two months or three months, then we've seen for a long time. >> then he took it a step further, trish. he said that nearly all of his companies are looking at higher costs. so i ran over to one of the companies, precision steel. they told me their cost of steel has gone up 35% since early march. of course the tariffs certainly weighing into something like that. i asked, well are you then raising your prices for your customers? he said we try not to but some of

will have a very special surprise guest to join warren buffett.00 p.m. eastern right here on the fox business network. >>> and speaking of charlie munger, warren buffett's right-hand man for decades telling us five years ago when bitcoin was in infancy what he really thinks about the cryptocurrency. >> bitcoin, this digital currency that's out there that people say it might be the next big thing, what do you think? >> i think it's rat poison. [laughter] >> put him down as undecided. liz: hey, he calls it rat poison but bitcoin was trading around $115 then. now as you see it's at $9,612 per coin. that's a stunning move. goldman sachs jumping on the cryptotrain announcing plans to open first cryptotrading desk but now have a market veteran echoing charlie munger throwing cold water on bitcoin during the milken conference panel, bitcoin is, quote, for suckers. we bring back our floor show trader. teddy are you in the rat poison club or the bitcoin bull club? >> i'm too old. you know, when i think of so many things they found unbelievable in my wall s

apple shares hit a record after warren buffett makes another egg -- another big bet on the stock.mazon lost out to walmart, giving them an e-commerce edge in southeast asia. and the u.s. trade delegation heads home after two days of talks. what it means for the tech industry and asia going forward. but first to believe. shares of apple hitting a new all-time high pushing the tech giant to striking distance of a $1 trillion valuation. warren buffett told cnbc he bought an additional 75 million shares of the iphone maker in the first quarter, expanding his already large investment in the company. for more on apple and perspective on the sector, let's bring in kevin kelly. i will start with you -- a big vote of confidence from buffett. what is your read? >> going through a white knuckle period over the last two weeks, you have the buybacks, and now you really get into june september quarters, a massive product cycle on the horizon. this could be the yellow brick road to a true billion dollar market cap, and i think ?nvestors are starting >> that said, the smartphone market is saturat

you in a short moment but first apple stock is getting a confidence boost legendary investor warren buffett has been loading up on apple shares his company berkshire hathaway a seventy five million apple shares actually that's more than thirteen billion dollars worth of current prices increasing at stake by almost fifty percent buffett called apple an unbelievable company one of the most profitable in the u.s. he's more apple stock than any other investor in the past year. back over cnn's then again when buffett speaks i mean usually investors misson have a. and there randi this talk of apple just here in the friday session was up by almost four percent and reaching a new record high for the week by the way the apple stock is up by thirteen percent and those are really quite astonishing numbers are in buffett's company berkshire hathaway now owns a good two hundred forty million episode shares and in the value of a good forty two billion dollars so really breast taking numbers that we are seeing here the funny thing is warren buffett usually likes to buy it when stocks are under some pressu

we'll bring you more of becky's conversation with warren buffett in a few minutes joining us this morningeeks, chief investment officer and portfolio manager dan morgan good morning to both of you. >> good morning. >> paul, there was a lot -- a lot of consternation and anxiety heading into this apple quarter. people were worried that iphone units would miss in a way, they did but the iphone x was strong. people were worried that the iphone x would not be strong what is the takeaway now that we can see apple at all-time highs, buffett having bought in q1? where does apple stand >> the way i look at it is probably just a hold among the top ten holdings of my tech portfolio it's essentially back to its all-time high, one of the things, jon, i was disappointed in, frankly, in the quarter was unit growth of iphone. we're now essentially two quarters in to the iphone x ramp with the iphone x ramp you have a big jump in average selling prices in two more quarters once we anniversary that. if you continue to have in the iphone franchise unit growth of 2% or 3%, and you've anniversaried the pay in

why listen to warren buffett?100 invested 53 years ago today, when he bought berkshire, today was the day he bought berkshire is today worth more than $2.4 million. arguably the greatest investor of our time. closing bell, we're eight minutes away. is the yellow brick road paved with gold? on the eve of mother's day weekend, wall street guru david dietze has stock picks your mom would live to hug and hold. "countdown" is coming right back. ♪ the sun is shining so why binge in here, when you can do it out there. with this clever little app called audible. you can listen to the stories you love while doing the things you love, outside. everyone's doing it she's binging... they're binging... and... so is he. so put on your headphones, turn on audible and binge better. at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. crowne plaza. jeff and market

and i think about what warren buffett was saying today, if you have a profit in gold, i don't see anything wrong in taking it. paul in new jersey. >> caller: big booyah to you my stock is epr. do you still recommend buying that >> yeah, we see that stock sneaking back. we decided you know what, we think it was overly punished and looks like it could hold in here and i think it is overdone to the down side and making a bottom fred in ohio. >> caller: booyah.

first on fox business, we welcome grandson of warren buffett, howard buffett.at to see you. >> liz thanks so much foresee ing me. liz: before we get to the book this uber investment does it surprise that he thought about it and the terms weren't right so he walked away. what's his thinking on this? >> yeah, that's an interesting question i actually haven't had the opportunity to speak to him about it specifically so i don't want to put words in his mouth but generally what uber really shows us is people's kind of yearning for interconnect ever it and building something on a technology platform that enables folks to link up with each other and provide important services i think shows us how powerful that system is something we talk about in our work as well. liz: and it was probably attractive to your dad because he's told me that automated vehicles and we know uber is going that way, will eventually hurt his big insurance company, geiko, but so you would think that solar or wind might have hurt some of his berkshire energy investments but he hedges his bets he

you in a short moment but first apple stock is getting a confidence boost legendary investor warren buffett has been loading up on apple shares his company berkshire hathaway a seventy five million apple shares actually that's more than thirteen billion dollars worth of current prices increasing at stake by almost fifty percent buffett called apple an unbelievable company one of the most profitable in the u.s. he's more apple stock than any other investor in the past year. back over to yens then again when buffett speaks i mean usually investors listen have they. and and there rend the stock of apple just here in the friday's session was up by almost four percent and reaching a new record high for the week by the way the ep of stock is up by god to thirteen percent and those are really quite astonishing numbers and buffett's company berkshire hathaway now owns a good two hundred forty million adults shares and the value of a good forty two billion dollars so really breast taking the numbers that we are seeing here the funny thing is warren buffett usually likes to buy it when stocks are und

compress it to one year and then extracted by the leveraged buyout of the private equity firm so warren buffett has killed like a hundred years of american history by taking all that revenue then job creation for one hundred years and compressing it through a leveraged buyout into the present day and then extracting that for himself so that's the very apotheosis of narcissism he's king narcisse in this in this bone fire of discussed in fact a tom wolfe reference by the way who passed away recently rest in peace tom wolfe fantastic writer part of the new journalism school in america when america was great so part of what the new york times piece looking at this data finds is that since the one nine hundred eighty s. and i think it's part of financialization and the rise of these runty ace they just extract equity at that built by previous generations built by. they apple extract all the equity from their company now built a company built by steve jobs and his innovation and his ideas well here we had the same thing is they we were equal to our other competitor developing developed nations at the

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

warren buffett obviously is a very big investment mind. probably one of the most iconic investment names in u.s. history for sure. he talked a little bit about the trade war. he does say he does not think he's going to have a trade war. also it's not in the charge of either china or the united states to be engaged in a trade war. they have a very common thread. something to watch there. he does also mention the idea of trade deficits. he says he has a close eye on them right now. he doesn't like the idea we can perhaps import all of this stuff and not give anything back in return except for debt in our treasury market. those are things that concern him. he also said on balance with everything the way that it is, the stock market is still a great place to invest. he had these words for all of those investors out there who are wondering if you can time the market. he says you can't. take a listen to what he had to say. >> almost always equity's have been a better buy. if you're going to put away money over time when you're younger, if you bu

coming up, apple shares hit a record after warren buffett makes another big on the stock. over the cartle commending them an edge in southeast asia. what it means for the tech industry and asia going forward. but first, shares of apple hitting an all-time high. the stock rose after warren he bought ancnbc additional $75 million -- 75 million shares. apple as earnings wrap up, let's bring in kevin kelly. we will start with you. a big vote of confidence against buffett. wrecks this is a info of confidence -- confidence. andhave the buffett news now you get into a june, september quarter. i think now this could be the yellow brick road to a $1 trillion market cap. aheadk there is good news . >> that said, you know the smartphone market is saturating traded will apple continue to defy the odds and how far away are they from the $1 trillion mark? the question, can you sustain this growth, for a long time, tech was one of the primary sectors you could go to. is shareholder friendly how of apple. >> alibaba shares also jump today. they have been unapologetic about ramping up thei

well you know the thing is that like warren buffett is totally got his tentacles into wall street and if they see something they don't like they can coerce wall street into attacking it with naked short sales and all kinds of chicanery but here they can used as a tax so they they are forced to use ad hominem attacks and you know i want you start insulting something with ad hominem attacks like eve lost the argument it shows that they're they're they're impotent that's moot best the only way it reaches the end it's like jamie dimon is incident he can't do anything about this wave of change that this intermediating him but hearing the things that they say and most recent photo of jamie diamond at the airport if you see this man call the police immediately they should been warned by him stop or crimestoppers a lot of moms and their ability to know they're the most dangerous people they can lead to live on an airplane i think monger buffet financial jihad the truth then what is your that's what they do so they watch your show down there are lots. of other great a speedo by the way well i

speaking of warren buffett he loves buying stocks of great companies but at a discount. acle of omaha is not the only one. our closer has a list of undervalued stocks even buffett would like access their undervalued right now but they are great companies. we bring in the ceo for oracle markets. what do the four stocks are about to pick all have in common? >> you now look because of the tax cuts in because we have a sort of flat year-to-date in terms of stock prices the price earnings ratios going forward are at 16.3 which is about a five year average at 16.1 so we have a relatively fair valued market at the moment. what we are looking for are companies that are selling for less than that 16 points. liz: was put the names and folks what we are doing is a way to look at the apa price to earnings ratio and these are lower than most. when we talk about these names apple, intel. you also believe walmart has a relatively low pem verizon is the lowest at 10 but what good is a low pe of the stock isn't doing that well and i'm talking about the past two years. >> yes and that's a

the woman arguably been the most important woman in warren buffett's life for the past 65 years straight, the succession plan. we caught up with one of the two lieutenants that buffett has given a lot of attention to, a lot of power too, greg able. and greg able and ajit jain. they don't seek the spot light. we caught up with greg able. they are dying to hear his voice. he is 55. a can madian. i think you would like him, he did not run the 5-k race. sounded the horn. neil: i love people like that. >> i know. neil: liz, funny, he and charlie monger talked up the fact you know, this market gyration notwithstanding still looks good to us, talking in the aggregate here. do they subscribe to that? >> yeah. he never says the markets look this or that. he feels that his business is its own entity. he buys american or foreign businesses. first time in the gigantic scrum where we were surrounding him, he put two country names out there. i don't think he sees real opportunity in the u.s. to buy big businesses at moment. not stocks but big businesses. he named china and brazil. so i'm going to ask

monday warren buffett and charlie munger. what do they have to say?ve got more than 70 big companies under their umbrella but hundreds of others, and right there that's the burlington northern train display. burlington northern showthrowing so much cash off for this company. what does it is a for the company and energy and transporting things and goods? there is that. there is dairy queen, we know he owns fruit of the loom, justin boots and so much more. monday warren buffett and charlie munger. dow jones industrials down 123 points. this is laura. and butch. and tank. and tiny. and this is laura's mobile dog grooming palace. laura can clean up a retriever that rolled in foxtails, but she's not much on "articles of organization." articles of what? so, she turned to legalzoom. they helped me out. she means we helped with her llc, trademark, and a lot of other legal stuff that's a part of running a business. so laura can get back to the dogs. would you sit still? this is laura's mobile dog grooming palace and this is where life meets legal. and i recent

well you know the thing is that like warren buffett is totally got a tentacles into wall street and if they see something they don't like they can coerce wall street into attacking it would make it short sales and all kinds of chicanery but here they can used as a tax so they they are forced to use ad hominem attacks and you know i want you start insulting something with ad hominem attacks like eve lost the argument it shows that they're they're they're impotent that's look best the only way he reaches the end it's like jamie dimon is an incident he can't do anything about this wave of change that this intermediating him but having the things that they say and most recent photo of jamie diamond at the airport if you see this man call the police immediately they should be warm but i'm stopper crimestoppers a lot of moms and their ability to know they're the most dangerous people you can lead a lid on an airplane i think monger buffet financial jihad the truth but then what is your audience that's what they are so they watch your show down there and loads . of other great a speedo by the

after it was a earnings call and ceo elon musk is putting contractors on notice, starting with warren buffettand this date of streaming, the industry think brought to life and how that rivalry between spotify and apple will play out into is getting paid. and the u.s. midterm elections kick into high gear as for states hold primaries and that companies prepare to take that fake news and disinformation, or -- or will of 2016 we see a repeat of 2016? elon musk has locked up email wass, a recent sent out to tesla employees warning outside workers worldwide would be denied access to tesla factories. email wrote me opening nighttion axis to networks on monday morning, supplies worldwide, time to scrub off the barnacles. this is after a bizarre earnings call were mosque could off boring posted analysts asking one of the questions about the company's cash burn, enjoying this with more is bloomberg businessweek's editor covers tesla. >> as elon musk has said, production has held factory and now scrambling to make model three sedans, and it seems the stress of the moment is beginning to show. emily: he

david: warren buffett's latest bet and it is a big one.c investor revealing a new stake in apple. wait until you hear how much, how many shares of apple he bought into. our own liz claman is live omaha spending "weekend with warren." 10th straight year. melissa: 10th straight year. david: the oracle himself. plus hawaii's most active volcano erupting forcing thousands to flee as lava flows into the street. wait until you see the houses, beautiful hawaiian houses in the path of this lava. that is coming up. ♪ you'll only pay $4.95. fidelity. open an account today. you'll only pay $4.95. the toothpaste that helps prevent bleeding gums. if you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. help stop the journey of gum disease. try parodontax toothpaste. ♪ metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with new everyday verzenio- the only one of its kind that can be taken every day. in fact, verzenio is a

we know it is warren buffett's m.o. to jump into a crisis. see in uber to want to invest $3 billion worth? eric: crisis is right. there are echoes of going into goldman sachs during the financial crisis. except this time uber is in a crisis of its own making. it has been vulnerable and a good opportunity. where are company would benefit from having warren buffett behind them. this was right after the softbank deal, which closed in january. as it uber was negotiating this term loan, they were talking with buffett about different sized deals, potentially above $3 billion. there was a proposal for $2 billion. ultimately it fell apart. ramy: why did this deal fall apart? eric: it seems over terms. the sense from the uber camp was going toett was command really good terms in exchange for the brand benefits they would get, relative to what they would otherwise be able to receive. the terms were pretty favorable to buffett. i think there were terms questions, may be by reducing the size of the deal, getting less out of you. it does seem they could n