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

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

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

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

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

vulnerable and sort of a good opportunity to wear a company with sort of benefit having sort of warren buffettthem. they were talking with buffett about different sized deals, potentially above $3 billion, and then there was a proposal for $2 billion, and ultimately it fell apart. mark: let's talk about rbs. big story today, the cfo has resigned, yes. ewan stephenson, a respected, four-year veteran, who piloted the bank through restructuring, has left the company. why has he gone? >> it is an odd time to announce it. i mean, rbs seems to be coming out of the woods after a decade restructuring from the crisis. it looks like the government will be able to sell its stake in the company, and he's off. he's gone somewhere else. you can only imagine he has had a good offer from somewhere. mark: somewhere. eric: maybe in australia. he is from new zealand. maybe he had a good offer from a bank somewhere in that region and he has decided to take it up. it will be interesting to see what happens and how quickly. jonathan: the u.s. subsidiary of deutsche bank getting added to the federal list of troubled

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

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

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

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

making, but it seems vulnerable, a good opportunity to where a company would benefit from having warren buffett. they were talking with buffett about different sized deals, potentially above that there was $3 billion, a proposal for $2 -- and there was a proposal for $2 billion, and ultimately fell apart. mark let's talk about rbs. : the cfo has resigned, yes. a respected, four-year veteran -- four-year veteran, who piloted the bank restructuring has left. why has he gone? >> it is an odd time to announce it. i mean, rbs seems to be coming decadethe woods after a after the crisis. it looks like the government will be able to sell its stake in the company, and he's off. he's gone somewhere else. you can only imagine he has had a good offer from somewhere. maybe in australia or new zealand. maybe he had a good offer from the bank somewhere in that region and has decided to take it up. it will be interesting to see what happens and how quickly. jonathan the u.s. subsidiary of : deutsche bank added to the federal list of troubled banks. says he isnk's ceo committed to the united states, and you mig

morgan's jamie dimon and berkshire hathaway's warren buffett.oke to them about the idea of business leaders embracing politics ♪ ♪ >> let me ask you. this week we spoke with howard schultz. he announced he's stepping down as chairman of starbucks he spoke to us on squawk box and said yeah, he may be considering public office and he doesn't know exactly what that would be at this point, but we spoke to kim langdon and he said the idea that donald trump won the presidency and this means a business leader can come in and run the country and that expands it, as far as he's concerned he thinks it's a good thing. jamie, what do you think about that >> the business people need to learn what the issues are in government you can't just walk up to government officials and say here's what i need for my companies and profits, et cetera governments have huge issues with poverty and incarceration and education. we should help them do that and that's why members should be deeply involved in that. getting involved in politics is a great thing to do for anybody.

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

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

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

what was he supposed to do >> warren buffett is the investor jamie dimon is the ceo he's spoken. i would have liked him to say i've shared my belief with them. that these are fantastic companies that will be around, stand the test of time and realize great stock appreciation and the current practice of them giving quarterly guidance is not needed >> isn't that by virtue of the op-ed, he's doing that did he say he spoke directly to tim cook >> no, but -- >> no, but there's a great example in that lesson, here is someone saying to that ceo of a company that he owns have that dialogue show that example. >> we don't know what conversations he's had with tim cook or not. the op-ed speaks for itself. liz ann, how do you view all of this and what you do for a living? >> so, two perspectives on this. one, i agree with the point of view that it stimulates too much of a focus on the short term and probably causes companies to make decisions that are not in the right interest of the long term in addition, i think it's exacerbated kind of the plague on individual investors because time horiz

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

all the proceeds will go to warren buffett's favorite charities, slight church of san francisco. the winning bid less than your was $2.7 million. >>> 4:41. the tensions heating up as new evacuation orders are underway in hawaii. >> are you kidding me? >> stopped! >> did you see that? what led that man to reach his boiling point and also put him in jail. >>> hantavirus makes a return to a popular tourist destination. coming up at 5:00, what we're finding out about this latest case in tahoe. >>> we're keeping an eye on your commute around the bay area early on this friday morning. we will talk about the east bay commute when we return and also tell you how the drive looks coming through the livermore valley. >>> and in weather, pesky wind over the past few days moving out of town. we have warming temperatures in our bay area forecast. we will have more on that warm up and also your weekend outlook coming up. >>> thousands of las vegas hotel and casino workers may go on strike today rick contract deadline set by their union came and went last night with no new deal. last week ago th

we got two very fascinating hours with warren buffett on a .ession to get a perspective from someone who is 90 and started to invest when he was 11, imagine when that was, it is something amazing. joe: what was the most interesting thing you learned from him? >> one of the most interesting comments he gave is that if you want to succeed in your investment, you have to invest in companies in which people love what they are doing. it is all about the people in those companies. if you want to invest in a company, it is not always the brain, talent, or level of technology. it is how much the people in the business love it and are passionate about it. i thought that was interesting to see how much he gives value to who the people he invests in. scarlet: is a huge investor in israel -- he is a huge investor in israel. famousas a very quote in israel. he says if you're going to the middle east looking for oil, you can skip israel. if you are looking for brains, it is israel. cybere 15% of global investment in israel. a lot of great things happening in

stage of lords and service which is what of course the people in charge like a jeff bezos or a warren buffett desire they don't want active to just.

stage of lords and service which is what of course the people in charge like a jeff bezos or a warren buffett desire they don't want active participating politically aware individuals voting their cronies out of office so this is how they're doing it they're taking all the equity shareholder rights there won't be any shareholders therefore no shareholder rights actually and the next episode will cover another executive at the f.c.c. also said they have to reconsider the share buybacks because they said basically it is plundering america and there doesn't seem to be it doesn't seem to be adding any wealth to america the share buybacks and in fact these executives are just using it as an opportunity to.

the proceeds will go to one of warren buffett's favorite charities.ast year's winning beede what does bid was $2.7 million. that auction has raised more than $26 million for glide church. >>> time is 5:42. b.a.r.t. is saying the number of riders with the new b.a.r.t. extension to antioch just exceeded their expectations. >> that also means that it is exceeding the number of parking spaces needed. leigh martinez is in antioch with the added pressure to find a spot to make your train. leigh? >> reporter: okay. so every single person that we interviewed complained about the parking. they also say they have to get here at 4:00 at the morning 5:30, you can't find a parking spot. if you look over here, there's quite of you is parking -- a few parking spots. take a look at all these parking spots. past 5:30, i don't know if it's just because it's friday and people are taking off work they have some sort of different work schedule. but we have seen plenty of parking spots. every single person that we talked to this morning, and we talked to quite a few, they

and jamie dimon and warren buffett teaming up, calling for a big change for wall street one trader says it would be a disaster for companies we've got the details. first we start with a brazilian bomb shell check out the etf in brazil. ewz getting crushed. at one down as much as 8% as the country deals with the economic turmoil ahead of its elections here why it matters for your money. the u.s. and e emerging markets of which brazil is a big part have moved in tandem but the last three months the u.s. has stayed strong and emerging markets have gone through a bit of a tectonic shift falling. is the drama in brazil fears of the connotation for the rest of the world becoming the next big threat for the u.s. stocks we turn to the ambassador first, tim. >> em currencies have played a systemic role. whether you gok baa to 97 tie bot which ended in the russian crisis but em currencies react first and look to fundamentals later if you think about brazil and the selloff this is about a political fear of elections coming up. frankly an economy that i think has cone a very good job having a fisca

stage of lords and service which is what of course the people in charge like a jeff bezos or a warren buffett desire they don't want active participating politically aware individuals voting their cronies out of office so this is how they're doing it they're taking all the equity shareholder rights to won't be any shareholders therefore no shareholder rights actually and the next episode will cover another executive at the f.c.c. also said they have to reconsider the share buybacks because they said basically it is plundering america and there doesn't seem to be it doesn't seem to be adding any wealth to america the share buybacks and in fact these executives are just using it as an opportunity to dump their own shares at a higher price so. before i was sorry it was a low yes as a result of the securities act of thirty three and thirty four in that period and then they brought it back in to enrich a bunch of corrupt c.e.o.'s right well anyway jay clayton says that the fact that there are fewer shares available for the public to buy this is feeding the demand for these i.c.'s by the ordinary i

stage of lords and service which is what of course the people in charge like a jeff bezos or a warren buffett desire they don't want active participating politically aware individuals voting their cronies out of office so this is how they're doing it they're taking all the equity shareholder rights there won't be any shareholders therefore no shareholder rights actually and the next episode will cover another executive at the f.c.c. also said they have to reconsider the share buybacks because they said basically it is plundering america and there doesn't seem to be it doesn't seem to be adding any wealth to america the share buybacks and in fact these executives are just using it as an opportunity to dump their own shares at a higher price. before i was sorry it was low yes as a result of the securities act of thirty three and thirty four in that period and then they brought it back in to enrich a bunch of corrupt c.e.o.'s right well anyway jay clayton says that the fact that there are fewer shares available for the public to buy this is feeding the demand for these i.c.'s by the ordinary inv

. >>> your chance to win lunch with warren buffett is slowly ticking away. it costing at least the front-runner at this hour? "countdown" is coming right back. ♪ ♪ mgx minerals' disruptive technology can extract lithium - used for batteries from expired oil wells. mgx's new pilot plant aims to produce lithium-carbonate one hundred times faster than from conventional lithium brine. mgx minerals ♪ ♪ liz: with the closing bell ringing 35 minutes away, what do you see up and down? green on the screen. a lot of this has to do with the strong jobs report that we got. again, we saw a build of 223,000 jobs. that is better than expected for the month of may. and, of course, you've got to remember that we have the unemployment rate now at 3.8%. that is extraordinarily low. this also brings up the question what's the federal reserve going to do. weed had expected three -- we had expected three rate hikes this year, maybe this number is so strong that we might see a fourth. we've got a lot of betting going on, we'll keep an eye on it for you. >>> all right, going once,

that was bill miller weighing in on what he thinks warren buffett should buy, namely disney.a kind of business it makes all kinds of sense. a $200 billion bite. almost half of berkshire's market cap what do you think? >> no. >> you don't have a thought on or you don't think it's a good idea >> i don't think there's a lot of value in it it's like the ideas of warren buffett is supposed to be buying cheap undervalue there's nothing he knows about or is insight into disney. >> all right. >> he has a lot of money to put to work. he could buy 20%. >> maybe he should buy beats from apple you thought it was a great deal. >>> other names that the millers mentioned they like are moving higher after hours 82 is up nearly 4% at one point. 3% now thank you. happy father's day to you! that does it for "the closing bell" "fast money" begins now. >>> "fast money" starts now. i'm melissa lee. your traders on the desk -- tonight it was a crazy week for kr crypto and our crypto said something just happened that could send one coin to the moon >>> plus, don't look now but shares of snaps are so

warren buffett still uses an old flip phone?you thought how much of ur stock would go up if you actually use the product? tim: i am working on it and i told him i would personally go to omaha to do tech support for him. that was apple ceo tim cook. you can watch the full interview on the new season of the david rubenstein show. it is tonight at 9:00 in new york only on bloomberg television. u.k., the in the government aounced foreign tech service will invest more than 2 billion pounds into the sector. prime minister theresa may also announced a 2.5 million patient capital fund and a new startup visa for entrepreneurs. vonnie: carson block made his name calling out in shorting frauds. $20 billion of chinese frauds. today he is back with another. our own erik schatzker is in and -- is in new york. parson, welcome. carson: good morning. eric: we have built some suspense. what is the company? carson: a china-based for-profit education company. inc: anyone who invests chinese equities is probably famiar with childhood education. cars

two thousand zero one under the weight of as the best of litigation settlement and then famous warren buffett debated out the company with three hundred million dollars in funding but berkshire's they became so large that it couldn't sell those tears in the open market without pushing down the price so this deal now in a both berkshire to exit what buffett has called a disappointing investment now if in the meantime gets the opportunity to reap the gains of a recovering u.s. housing market and i've got to ask you survey how is the market responded to the g seven may have. investors do not care about any comment at the moment this is not easy to understand and even harder to explain because these summits could have a significant impact on u.s. companies and also the stock market but when i talk to traders they tell me they're simply enough money in the markets right now and investors seem to think it is now or never if if this rally should and then they can still leave them i can't but as you see this is of course a self-fulfilling prophecy as long as they say the markets are going to stay out

people incredibly perhaps like warren buffett we don't know but the fear is of what i call him a d. cheat vicious circle it which money is used to gain political power and political power is then used to make more money and the case of medieval italy it turned florence from one of the most industrialized and powerful cities in europe to a marginal province of a foreign empire at least the d.g. period left some examples of great artistic beauty in florence i am not sure that market capitalism of the twenty first century will be able to do the same they need a new renaissance to wait out the potentates in aristocrats during the middle ages created the lords and serfs in the dark ages and then we have of course triple entry bookkeeping with crypto community and that is the new renaissance otoshi is the new dimension and where patrons of the new renaissance of art like alex shaffer who's burning down the banks on canvas you know as a representation of what needs to happen to stop this vicious cycle. but without being patronizing they don't go away michael hudson will be in the circular

-- this issentially byuy respected warren buffett and jeff bezos.hisll get the attention venture is going to need to succeed. people are saying who is the next guy they are going to name? joe: a standard operator. he might not get them all on board. individual.nt what about the practicality of managing here? we're not sure. i'm confused. >> people are spending he will build a team and build a venture around this. this is going to take years. stay tuned. >> it was viewed as revolutionary and a lot of ways. ,ere is a guy who is thinking viewed as forward thinking. what are his big ideas? what might he put into action? his writing has been theoretical. have we seen examples? >> he has written a lot about how there is variation in how people are cared for. the same level of sick get different care at different costs. he pinpointed that. i would expect him to bring that and emphasize basic primary care . i would expect him to bring things like that to this venture. is heg knock against him has not run a big company. he is a smart dude. incentive, that in

one anonymous bidder offered $ 3.3 million to have a private lunch with warren buffett. the winner can bring up to seven friends. he had raised nearly $26 million other the years. >>> and "solo" was still number one at the box office. "dead pool 2" was second. solo is still one of the lowest grossing "star wars" movies. "dead pool 2" took in $23 million. "adrift" made it to thethree mi. >>> an fbi agent in trouble after accidentally dropping his handgun discharging it. women are amazing. . and how do we fuel that? with strawberries, almonds, and protein, food that's made for us. made to power our strengths. special k. made to power our strengths. only tylenol® rapid release gels have laser drilled holes. they release medicine fast, for fast pain relief. tylenol® dinner date...meeting his parents dinner date. why did i want a crest 3d white smile? so i used crest. crest 3d white removes... ...95% of surface stains in just 3 days... ...for a whiter smile... that will win them over. crest. healthy, beautiful smiles for life. >>> and off duty fbi agent in trouble this mornin

warren buffett bowed out the company with $300 million in funding. berkshire tri-state became so large that it could not sell the shares in the open market without pushing down the price. this deal allows brookshire to exit what buffett has called a disappointing investment. the new owner will get to reap the gains of a recovering u.s. housing market. >> how do they respond to the g7 mayhem? >> investors don't care about any summit at the moment. this is not easy to understand and even harder to expin. these summits could have significant impact on u.s. companies and also the stock market. when i talked to traders, they tell me there is simply not enough money in the markets right now. investors seem to think it is now or never. as you see, this is a self filling prophecy. sarah: brexit is still leaving. investment sentiment is not diet. there is trust in the u.k.. is the number one destination for foreign directed investment in europe. they saw a 6% hike in investment. the main reason is increased involvement u.s. companies. this is hot on the heels

next week it is not your typical summer camp, the woman teaching warren buffett method to a camp in the inner city. keep it right here "on the money" and have a great week and we'll see you next weekend >>> hey there. live at the nasdaq on this expiration friday. the guys are getting ready behind me. while they're doing that, this is coming up on the show. >> snap out of it! >> shares of snap did just that. rallying over 20% in the last month. if you missed the move, we have a way to get long from less than $1 >>> plus, micron shares have surged 20% this year but carter worth says there's something in the chart that suggests now might be the time to take profits.

it is wonderful that folks like you and warren buffett and others are out there being evangelists foris is. one thing we have to do is ensure our society is a just a society. our society has the ability to cure its own problems. and you know while we accumulate , wealth on the one hand, we need to also solve the problems that are facing us today while we are alive. part of what i think about is i know today the problems that are facing the communities i care about. and if i have the capacity to do something about them, it is on me to do something. and the giving pledge is a good way to put a signal out there to say, listen, this is the right thing for anyone who accumulates wealth of any size, irrespective of whether you sign the pledge, to actually care about the community in meaningful ways. david: you have another interesting philanthropic project. you have a rant that -- ranch that you have converted. robert: it is called lincoln hill, the oldest african-american resort community founded by african-americans as a place where african-americans could buy a plot of land for $25, buil

open an account today. >>> "power lunch" with warren buffe buffett.has reached $82 billion we were curious how that sacks up 2.68 million on the side of your screen there there must be some cosmic tale in all of this >> i wonder anded and i tried t chart that we did have a hiccup in '16. it is a big game this year >> it is is the bidding done? >> i think it ends today and any minute now >> umayou may have the reserve d >> it feels to me that people are lucky that this is still on the table. >> it is totally true, right on the other hand when it was first done, it was such a novelty and the whole concept of having an hour of warren buff t buffett's time >> this has launched a lot of his career and a lot of valued investors. and many ways, i think we say it ends at 10:30 p.m. tonight there is still time to get those bids in. >> it is tough to make the call. >> 2014, oh, you know that was the silicon valley and on top of the cycle. >> and 1999. >> everyone says warren buffett does not know anything about investing anymore. >> we'll let you know what that

stage of lords and service which is what of course the people in charge like a jeff bezos or a warren buffett desire they don't want active participating politically aware individuals voting their cronies out of office so this is how they're doing it they're taking all the equity shareholder rights to won't be any shareholders therefore no shareholder rights actually in the next episode will cover another executive at the f.c.c. also said they have to reconsider the share buybacks because they said basically it is plundering america and there doesn't seem to be it doesn't seem to be adding any wealth to america the share buybacks and in fact these executives are just using it as an opportunity to dump their own shares at a higher price. before i was sorry it was low yes as a result of the securities act of thirty three and thirty four in that period and then they brought it back in to enrich a bunch of corrupt c.e.o.'s right well anyway jay clayton says that the fact that there are fewer shares available for the public to buy this is feeding the demand for these i.c.'s by the ordinary and fas

it is wonderful that folks like you and warren buffett and others are out there being evangelists forthis is. one thing we have to do is ensure our society is a just a society. our society has the ability to cure its own problems. and you know, while we accumulate wealth on the one hand, we need to also solve the problems that are facing us today while we are alive. part of what i think about is i know today the problems that are facing the communities i care about. and if i have the capacity to do something about them, it is on me to do something. and the giving pledge is a good way to put a signal out there to say, listen, this is the right thing for anyone who accumulates wealth of any size, irrespective of whether you sign the pledge, to actually care about the community in meaningful ways. david: you have another interesting philanthropic project. you have a ranch that you have converted. robert: it is called lincoln hill, the oldest african-american resort community founded by african-americans as a place where african-americans could buy a plot of land for $25, build a cabin, a