marc: you had a call -- david: you article amended warren buffett? >> warren called us. presidentavid: if the of the united states and said the country needs you, you would say -- brian: call mr. rubenstein. >> would you fix your tie? david: people would not recognize me of my tie was fixed. just leave it this way. i do not consider myself a journalist. i begin to take on the life of being an interviewer even though i have a day job of running a how do youity firm define leadership. what is it that makes somebody tick? talk about your career at bank of america and how you became the ceo because i think it is interesting. to go back to your background, you are from ohio and your father was a chemist? brian: my father was a chemist. david: you are the sixth of eight children. when you have eight children you share a lot. brian: you have to be very aggressive of always getting your share, let's say that. david: you went to brown university and you are the cocaptains of the rugby team. rugby is a top sport. tough asit is not as banking. brian: nothing more powerful to see on

close companies like warren buffett, charlie munger, they are not putting their money and yet becausey see the uncertainty that most ceos see. liz: i'm glad you brought up charlie munger, the wall street journal nabbed an interview with warren's best friend of the vice chairman of berkshire hathaway, he was very open and telling him that the writer of the journal saying you know what, we are just sitting and waiting because we would rather get through very difficult storm with the ship intact meeting diecast, dry powder any also said this was interesting, unlike the 2008 financial crisis were goldman sachs and tiffany and all these other companies were calling up buffett and asking for money for very good terms for berkshire, just to keep afloat, the phone has not been drinking, charlie munger said it's almost like everything is frozen, what does that tell you. >> those are two things, he and warren buffett understand the difference between a weight - 09 when they were big buyers then today. >> zero eight -- zero nine was a big heart attack to the broken system, it came from the banki

warren buffett can't predict the market. the motley fool can't predict the market.actually think you can but you can't tell people. so really investors today are looking for stocks that could to up 50 or 100% on a value, valuation basis, even if the s&p doesn't go up, even if the dow stays at 22,700 forever. there are a lot of those after the last month or two. >> liz, i will answer the question if you want. i think what looks good is microsoft, microsoft looks good. apple is responding well. netflix held up during the correction. i think lots of tech names showing true signs here. i would stay away from beaten down trouble spots that can rally. [closing bell rings] like airlines or some of the casinos. megacap, has a lot of cash, buybacks and sustain this move. liz: buffett was concerned about the airlines, we know that but it is no concern day. risk on for the markets. lots of green. that will do it for "the claman countdown". connell: wow, recovering all of last week's losses and doing it just like that. a huge surge for stocks on a monday. talk of more governmen

i don't know if warren buffett would wear off on us. >> have you met warren buffett? >> ups from we lived in the same neighborhood and we've done few business meetings. maybe i will see him once a year or so at a fundraiser or something of that sort. >> but he's in a completely different world than i am. >> that is correct. >> your childhood is so interesting growing up, you say in the book how you are in a different outlook, you and your family, your parents, you have different interests, was it hard for you growing up to be somebody who seemed to be not interested in the housebuilding businesses that your father wasn't or the typical things kids did growing up and were interested in? >> it was not hard. i had an ideal growing up time. in nebraska in the 40s and 50s and 60s, it was a wonderful place for young people to grow my best friends, we still get together and we look back and say we really had it in the most wonderful way. we didn't realize it, we didn't know it. with respect to my father, my father was in business with his father and when my grandfather died,

they will still be holding the meeting and at this point warren buffett and charlie munger will be there and i don't know how many of the board of directors will be there, and maybe none of them and the meeting may be carried live at this point some of the reporters there would still be asking question, at least that's what we've heard at this point, but there's not a clear format about how any of that will work its way out, but we will be hearing from the oracle of omaha, and my expectations is there will be live questions asked from shareholders that day and hopefully we'll get more answers from him all around that time in terms of the consumer-facing businesses, you're right you start thinking through, the jets, they can't go on any of these things. >> yeah. >> you think of the shopping and the retail outlets and those have closed down across the board and berk shirl be facing the shutdown to the burlington northern santa fe railrood they're not carrying the same amount of stuff and -- >> brian, are you at home right now? >> this is the awesome thing abouthaving cameras on all of time

s of these companies including warren buffett are they just doing something that's patently moronically to destroy themselves and their country and the economy and money or the big question protocol which i believe is self-aware and is part of the seti project the 1990 s. a search for extraterrestrial intelligence remember was the 1st parallel massively parallel computer project that went out there looking for other forms of consciousness that work because it gave birth to be a coin in 2009 as part of the seti project and we have alien intelligence reaching out to our global unconscious and destroying people like warren buffett on the unconscious level who is actively. pursuing the money delusion and the having is coming in may and it's the quantum pardoning event and we're entering the big question singularity in 2020 or entering the bitcoin singularity in the 2nd quarter of 2020 well speaking of that you've signaled to the audience what's coming next and this tweet from atom back big question having is quantitative hardening fiat's undergoing lots of politically driven quantitative ea

ed: our largest investor is warren buffett.e said you guys are the chicago cubs of the business world. you not only had a bad decade, you had a bad century. david: initially you went to frito-lay, right? ed: i always considered my seven years there as my postgraduate degree. david: what percentage of people actually lose their luggage? ed: we never lose it. we call it mishandled. david: mishandled. [laughter] >> would you fix your tie, please? david: people would not recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪ david: i do not 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 of running a private equity firm. how do you define leadership? what is it that makes somebody tick? people say running an airline is not an easy thing to do. you have weather to deal with, energy prices to deal with, lots of employees and so forth but , you grew up in a family of nine children, so what is easier

marc: you had a call -- david: you article amended warren buffett? >> warren called us.id: if the of the united states and said the country needs you, you would say -- brian: call mr. rubenstein. >> would you fix your tie? david:

it's a small business rescue loan money now slowing and when we might all find out what warren buffett is doing with his huge cash pile. less than an hour to the closing bell. let's start "the claman countdown." liz: all right. we just have gotten this breaking news. new york governor andrew cuomo moments ago announcing a working group made up of neighboring states who will collectively decide when to reopen their states which have been closed to business from the coronavirus crisis. in a conference call with leaders from new jersey, connecticut and three other east coast states, cuomo said deliberations will begin tomorrow on a coordinated plan to reopen the region as soon as possible and as you look at the dow jones industrials, yes, we are down 436 points but the low of the session was a loss of 624. so maybe a glimmer of hope is helping move these markets off the floor. ford's announcement it is making hospital gowns out of airbag material means so much to the medical community but very little to the investment world at this hour. look at ford shares. they are stalling out after th

warren buffett's berkshire hathaway can sell the shares that it gets immediately, but it is not known just yet how berkshire will handle or whether it will go that route. occidental shares down 9.8% at $13.43. berkshire hathaway stock down 2%. >>> apple is releasing a cheaper iphone and it will be the, phone se. this in a move to appeal to now suddenly budget-conscious consumers. this as the coronavirus takes aim at the global economy and people are trying to preserve their own cash, forget occidental. apple will start taking orders friday with delivery expected april 24th. the price of this new discounted phone, $3,999. which us covered by the dow -- it should be $3,999, i believe. no? yes? it's $399. okay. $399. which is it, brad? not a $3,000 phone. all right. >>> a dismal day for retail. not only did the fed's beige book of economic conditions say that the retail industry has been hit the very hardest of all sectors during the coronavirus crisis, but take a look at jc penney's stock. it is falling 22%, it is now exploring bankruptcy as the plunge in consumer demand may force the t

they buy low and sell high so you think like warren buffett a little bit things are going on sale, but more defensive names that are going to get through difficult periods, the pepsico las johnson & johnson, proctor and gamble, where people are still going to be buying chips people are still going to be using johnson & johnson's products microsoft. abbott labs. companies with great balance sheets not too much debt. very high quality companies that have cash flow and stay away from those more speculative companies. the most difficult thing that i have to do 33 years of doing this through 1987 and 9/11 and certainly the financial crisis is to counsel individual investors not to panic not to make chose emotional decisions that always get on the neck in the end. if you have a long-term view, if you're a long-term investor, you can stay with that quality you can endure and deal with those emotional decisions. like warren buffett, you can be opportunistic and take advantage of some of these fabulous world class companies when they go on sale >> final question. my guess is that we may be mont

last year warren buffett said he overpaid for kraft, but now we're seeing that these stocks are having bit of a rally. maybe not where they were way back in 2015. and some may be wondering, okay, is there still room to run here? it seems like there is because a lot of these stocks are still trading a little bit below the broader market's pe multiple. people are looking for shelf-stable food, it's out with kale -- yeah, jack? >> it's jack howe. i'm looking at a can of spa get owes, i've bot some chef boyardee ravioli, and that's what i'm wondering, are people going after these legacy brands because they're trying to stock the garage with something that can stay on the shelf a little while right now? >> exactly. there's only so much fridge and freezer space, so a lot of people are going to these canned goods. so packaged food sale are up about 24% for the week epping april 4th. i mean, that's incredible. so there's still a lot of room for these companies even as the economy comes back online. i think a lot of shoppers still will be cooking at home. [inaudible conversations] >> just so yo

max keiser this is the kaiser report the show that warren buffett doesn't want you to watch you know i got to ask rhetorical and will be a theme i think for the next few minutes america's got 20 or 30000000 people unemployed now the question is why have they no savings why don't they have any savings that's a very important question that we need to look into stacie perhaps because of what frederic bastiat warned a couple 100 years ago when plunder becomes a way of life for a group of men in a.

ed: our largest investor is warren buffett.s are the chicago cubs of the business world. you not only had a bad decade, you had a bad century. david: initially you went to frito-lay, right? ed: i always considered my seven years there as my postgraduate degree. david: what percentage of people actually lose their luggage? ed: we never lose it. we call it mishandled. david: mishandled. [laughter] >> would you fix your tie, please? david: people would not recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪

in the world has increased by 20 percent since its low on march 23rd in line musk bill gates warren buffett mark zuckerberg among others are the real winners of the pandemic meanwhile 22000000 americans are newly unemployed these billionaires capitalizing on coronavirus to capitalizing off the expense of a workforce that capitalizing on. human life is a life or death situation in. the way these policies are made your work or your workers on the front lines have to continue to go to work in order to pay their bills or stay home and be unpaid it is not it is not right it's not fair it's blood money that's what i call the money that's been made by the billionaires for the entire time dependent is in this country are of even all around the globe is blood money this is greed is nothing more than just greed and though they should have been using this money to help out the medical field said aletta lay in this virus spray is not provide testing for their workforce. of the coronavirus pandemic has revealed severe shortages of medical supplies in some of the world's most developed countries like a v

last year warren buffett said he overpaid for kraft, but now we're seeing that these stocks are having bit of a rally. maybe not where they were way back in 2015. and some may be wondering, okay, is there still room to run here? it seems like there is because a lot of these stocks are still trading a little bit below the broader market's pe multiple. people are looking for shelf-stable food, it's out with kale -- yeah, jack? >> it's jack howe. i'm looking at a can of spa get owes, i've bot some chef boyardee ravioli, and that's what i'm wondering, are people going after these legacy brands because they're trying to stock the garage with something that can stay on the shelf a little while right now? >> exactly. there's only so much fridge and freezer space, so a lot of people are going to these canned goods. so packaged food sale are up about 24% for the week epping april 4th. i mean, that's incredible. so there's still a lot of room for these companies even as the economy comes back online. i think a lot of shoppers still will be cooking at home. [inaudible conversations] >> just so yo

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

metaphor if i ever heard one i think people understand you will understand i i combine 2 of warren buffett's famous sayings but they imus says half the world has asked for a bailout remember 100 percent of the world can't get a bailout half of it has to pay for half of that have to be the suckers at the poker table so half the world has now asked for a bailout the i.m.f. is saying that 100 countries have asked for some form of bailout from them about 10 percent has been given out to 10 countries anyway and they expect half the other countries to get some within the next few weeks the i.m.f. is ready to use its full tool box and one trillion dollar fire power of lending you know i have a question for you so going back to 2008 and remember the i.m.f. came in as part of the troika that the whole greece meltdown in ireland the down at that time you know are leading up to that crisis the i.m.f. was rumored to be bankrupt or i met was going to go out of business because there was no need for the i.m.f. and there was a lot of speculation at the time that you know the i.m.f. was kind of greasing the

to radically change everything and star and create something new something new and still on warren buffett's ukulele mother only. it's beautiful. like being serenaded by aphrodite. on the shores of the aegean crane. so they got a belt. well don't go away for coming back right after this. welcome back to the kaiser report i'm max kaiser oh wow this is going to be a good one time now to turn to sampson mal he's the chief strategy officer adblock strain he's also the c.e.o. of pixel matic and the creator of infinite fully in which full disclosure i am an investor sam said welcome back thanks max thanks for having me again so 1st of all what's the update on infinitely well lots of stuff we're talking along in terms of development. we recently announced a partnership with stalker in europe to facilitate our security so in offering. and we are in progress with s.b.c. for a reggae plus filing and as you know ray post is typically referred to as a mini i.p.o. just to refresh people's memory in for their fleet is a multiplayer game out there in cyberspace and it's going to scale up to be bigger than

max keiser this is the kaiser report the show that warren buffett does you to watch you know i got to ask rhetorical and it will be a theme i think for the next few minutes america's got 20 or 30000000 people unemployed now the question is why have they no savings why don't they have any savings that's a very important question that we need to look into stacie perhaps because of what frederick warned a couple 100 years ago when plunder becomes a way of.

in a metaphor if i ever heard one i think people understand will understand i i combine 2 of warren buffett's famous sayings but they imus says half the world has asked for a bailout remember 100 percent of the world can't get a bailout half of it has to pay for half of that have to be the suckers at the poker table so half the world has now asked for a bailout the i.m.f. is saying that 100 countries have asked for some form of bailout from them about 10 percent has been given out to 10 countries anyway and they expect half the other countries to get some within the next few weeks the i.m.f. is ready to use its full tool box and one trillion dollar fire power of lending you know i have a question for you so going back to 2008 and remember the i.m.f. came in as part of the troika that the whole greece meltdown in ireland the down at that time you know are leading up to that crisis the i.m.f. was rumored to be bankrupt or i'm f. was going to go out of business because there.

you remember, warren buffett has not had much luck with the airlines, has he >> no he hasn't. in fact, if you recall, he, i think said many times he would never invest in airlines again, only to be fair the airlines did change dramatically over the last ten years or so earning more than their cost of capital for the first time in history in the recent period but he's been reminded again perhaps why that was not necessarily -- that was advice he should have taken from himself not to go back in to the airlines. buffett otherwise quiet. at least we heard from jamie dimon in the form of his annual letter, he did address a lot of what's going on right now. but not a lot coming from mr. buffett in terms of at least broader proclamations about america that we typically get from him that make people feel positive >> definitely want to know -- the airline group, we talked to howard schultz about how the workers and the restaurant group are suffering. when you fly, you're on your own. i do wonder -- i know phil lebeau is closer to this than anyone, who will apply for the money? is the t

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

. >> i believe in the book you say warren buffett talks about the over area lottery and born under different circumstances he wouldn't be a multi- billionaire but because of the circumstances of his birth set the path for him to do well. so it is disturbing in so many ways the united states as a developed country seems to be doing a poor job than other democracies or republics that could have similar problems and you note that with drinking water and 61st and high school enrollment and we suffer more than the average person in venezuela and the life expectancy so here is the united states working on these issues from the county commission how is it we are having such horrific outcomes? >> the one hand we have all of these economic statistics and the stock market is rock at high and then say we are doing really really well but to also look at other statistics and letters of the full picture so a lot of men just dropped out of the workforce and won't even be counted many are self-medicating they don't have the confidence to jump back in. we know what is happening they are not even looking. but

triple their money over time for beat making this investment at the absolute bottom that's a warren buffett they haven't played by a company you know is going to be better and buying it for cheap shot or as chief strategist at bubba trading and boom bust goes kristie i thank you for that expert analysis. thank you. and time now for a quick break but hang here because when we return in the midst of a shortages due to the outbreak we take a look at the surges of prices for some products and reports of profiteering with a boom bust panel and as we go to break here the numbers at the close. it will. yes you do most of their sort in the. book or bird. shit out. you're definitely walking into a word don't you know we no longer know what we're walking into. march. what should be nice to break she what about. the nerds. who shapes possible. so. the world is driven by shaped by one person out there is better. than. half. the day or thinks. we dare to ask. god. last was the last. what. the last. i was. welcome back in the midst of this corona 'd virus pandemic there is still a huge need for p p e or

max keiser this is the kaiser report the show that warren buffett doesn't want you to watch you know i got to ask rhetorical and it will be a theme i think for in the next few minutes america's got 20 or 30000000 people unemployed now the question is why have they no savings why don't they have any savings that's a very important question that we need to look into stacie perhaps because of what frederic bastiat yeah warned a couple 100 years ago when plunder becomes.

the company is so cash-strapped that it is having to pay warren buffett in stock essentially for theg deal that you opposed. that must make you boiling mad. i am not going to belabor it anymore. the board has changed. i cannot really freely speak about it. i respectfully disagree a little bit with what you are saying, cash-strapped. i think occidental has a lot of great assets. can't argueaid, i with you. one of the most ridiculous deals i have ever seen. i have said that publicly. those days are over. we are now on board, we are working together. hopefully, i think, there are thegs we are -- i think shareholders will eventually be rewarded there, i think. the risk reward is in your favor, i believe. activist investor and chairman of icahn enterprises, carl icahn. to quote the man, you will never see that again in history. never say never. we are down 12%. that is quite an attack on wti this morning. goldman sachs says stores will be locked up in 3-4 weeks. we are at an inflection point, rebalancing could start. ofcan't get the impact covid-19 on the buyer numbers. the buyer relief,

triple their money over time for beat making this investment at the absolute bottom that's a warren buffett to have a play by a company you know is going to be better and buying it for cheap horace chase strategist at bubba trading and boom bust goes christie i thank you for that expert analysis. thank you. time now for a quick break but hang here because when we were churn in the midst of a shortages due to the outbreak we take a look at the surge of prices for some products and reports of profiteering with a boom bust and as we go to break here the numbers of the clothes. get out i'm fascinated by bad condition protection labels they find out sticker ads very find out household cleaning substances don't apply to financial products even though they should because many of them are hazardous to your health because they're poorly constructed and they're full of toxins. as the u.s. economy was booming growing numbers of people when they do. you can work 40 hours 'd in a week and still not have enough to get housing everybody believes america still is the land of opportunity the reality of it i

triple their money over time for beat making this investment at the absolute bottom that's a warren buffett they haven't played by a company you know is going to be better and buying it for cheap shot or as chief strategist at bubba trading in bus goes kristie i thank you for that expert analysis. thank you. and time now for a quick break but hang here because when we return in the midst of a shortages due to the outbreak we take a look at the surges of prices for some products and reports of profiteering with a boom bust panel and as we go to break here the numbers at the close. to. use. the. well google who are legal birth. mother which should out. here definitely walking into words all in all we no longer know what we're walking into i can't see march. what she needs to break she little bit. nervous. but also more sensible. the world is driven by a dream shaped by one person those better. than . the dares thinks. we dare to ask. somebody. yes let's see i guess. i was on the floor something's in my basket you know trying praying. it's just come. back. i want to. test it's time for us thin

the company is having to pay warren buffett in stock for the financing deal you opposed.t must make you boiling mad. and i'm not it going to belabor it anymore. the board has changed. i can't really freely speak about it. but i respectfully disagree a little bit with what you are saying. occidental has a lot of great assets. being that said, i can't argue with you that it was one of the most ridiculous deals that i've ever seen. but those days are over. we are working together. think, there are things where i think the shareholders will eventually be rewarded, i think. the risk reward is in your favor, i believe. romaine: we were just listening to carl icahn speaking earlier on bloomberg television. let's turn now to what has been going on in washington. almost $3 trillion in fiscal aid. willany trillions more come out of washington? emily wilkins is bloomberg government reporter, joining us to help walk us through this. let's start with the bill president trump signed. this is the billion-dollar small business bill that is largely to restart, replenish that ppp program w