dollar certainly warren buffett is getting out the dollar he's a 1st flying in to japan he's buying gold mining stocks and he's saying the dollars is doomed how do you see this emerging yourself i would say it's a continuation of the process of monetizing every asset in the world right because ultimately that's the only thing the feller's are of can do so they've they've monetize bank deposits right that was the 1st thing they monetize then they recently in this past financial crisis they monetize money market funds and so they said hey you can break the buck anymore ok. they're monetizing the bond market so when bond yields are 0 percent they're just saying that treasuries are cash right they're just saying that that is now money because ultimately it's going to get paid back in dollars anyway now they're also monetizing the stock market and so now we have like tesla being monetize real estate in prime markets like london and new york has been monetized as well right people use real estate as a store of value and so people are hoarding these assets as as savings but not really as invest

charles: break right now, joe biden reaching out to the "oracle of omaha" asking warren buffett aboutship. biden telling reporters, discuss got off the phone with warren buffett and talking about how we're in a position unlike we were 50, 70, 80 years ago to lead the whole damn world in a way no one else can. there is no limit to america's future. the only thing that is going to tear america apart is america itself. speaking of biden, if he wins, there is ever a play about this, how the election went down, i think it should be titled, "wake me up for the inauguration." according to "axios" biden may be the least scrutinized presidential candidate in history but it does not stop there earlier today i noticed "the national enquirer" was trending on twitter. when i checked it was all about attacks on the "new york post" which featured a story saying a ukrainian executive courted hunter biden for opportunity to meet his dad. social media is allowing the "new york post" to be raked over the coals. is any scrutiny possible from the mainstream media? here to discuss rnc spokesperson liz harr

suggested that class warfare may exist it made the model current times newspaper but you quote warren buffett claiming it's been going on for decades class war and his class won tell me about this this. connection between class and the global police state than more clearly. sure well let's look at it global inequalities have reached unprecedented levels i mean we can barely wrap our minds around these inequalities one percent of humanity controls over 50 percent of the world's wealth that we know because that's been broadly publicized but more significantly 20 percent of humanity in that amount is is is shrinking as capitalism world capitalism continues to restructure controls 95 percent of the world's wealth so 80 percent of humanity controls only thought of percent of the world's wealth and under those conditions under this conditions of extreme inequality those that rule the world including warren buffett needs to develop systems of extreme control and repression but you know i want to add one of the thing when we talk about warren buffet and what i refer to in the book as the transnationa

. >> i made a joke recently, warren buffett's laughing at you.ying a lot of these companies that are, you know, at their price at their book to value. so a lot of great opportunity out there. maria: so does any of this change with the election and the results afterwards? we're just two and a half weeks away from election day. do you want to look at what, you know, the election tells us in terms of energy or any other spaces? because, remember, donald trump and joe biden have very different approaches to energy. >> that's a really good point, but i think the bigger mistake that investors are going to make here -- and i've seen it time and time again this year, is waiting for the election to be over to get invested, waiting for that certainty. now, you know, when the market recovered, i was one of the few people on wall street saying we may see a v-shaped recovery back in april. before the summer, again, there was a lot of concern about what the market was going to do. market went up big other the summer, we had a summer meltdown. now there's a lot

we contacted warren buffett, for example. another was to fight to maintain control., as i was trying to think about what the best solution was, one morning, i woke up -- i just woke up and it pops in my brain -- what about amazon? what about amazon? i had met jeff a year before. really admired him, still do. i thought, these guys would be perfect. i've heard they want to get into the grocery business. this would be a good opportunity for them to get into it. their technology could help whole foods. so, we contacted amazon. couple days later, we flew up to seattle and met with jeff and his team. we had an amazing first conversation, lasted about three hours. it was like we were finishing each other's sentences. all the things we could do together. we got super excited. just a few days after that, they sent a whole team to austin to continue the conversations. six weeks after that first meeting, we signed a merger agreement. we had negotiated the price, signed a merger agreement, and we were on our way. david: so, every acquisition looks great at the time you do them.

warren buffett stone tragically we knew this when we come i must take a break and come back after the break. fantastically for you say to. this little more than a week before the election many are asking the question do you believe the polls we have good reason to do so should voters trust the polls and if you don't trust the polks will you trust the outcome of the election. an entire village in alaska has had to move if another country trying to wipe out an american town. we do everything up our protective. wanted a scary thing climate change poses the same threat right now alaska does seem some of the fastest coastal erosion in the world we lost about 35 feet. 35 feet of ground in just about 3 months while we were measuring. it is fast and means the river is $35.00 closer than how. long it was for i don't think we're part of america 1st for. welcome back to the kaiser report i'm max keiser time now to go to simon dixon of bank to the future dot com simon welcome back to kaiser report exactly max right simon dixon they're not bad going for a new brand new words you've been gone viral

the warren buffett stone tragically we knew this when we come i must take a break and come back after the break. fantastically for you. l. look forward to talking to you all that technology should work for people. i robot must obey the orders given by human beings except where such orders to conflict with the 1st law show your identification for should be very careful about artificial intelligence and the point is to create a trance. like theory of playing with artificial intelligence will summon the demon. the robot must protect its own existence is. secret prisons and usually what comes to mind when thinking about europe however even the most prosperous can be deceived within this 0 zone there were too few houses were. preserved were located only cia people had access to the story for investigators she held the uncovered the darkest dealings of the secret services but i mean. the great ignore in. trying for justice. any brain. my favorite or that. you're absolutely wrong we have a part of the brain right here in the middle that's on the right side with simulated and even healthy peo

buying decline at that time she obviously was a prize report and bought because of us right in ed warren buffett to that list still capitulate as well i mean there are different layers of sort of investors institutional investors so like when he has 20000 and takes out its old all time high you'll see a whole bunch of more conservative passive investment men money coming into the sector partly because that's the way they have to do it they have to wait to a certain price a certain size a certain marks market cap so that's part of the reason why you're never going to get like a g. 1st mover advantage working with somebody like j.p. morgan although i have to say fidelity which is a huge conservative bank they were very early and on between and in 2014 when jamie diamond was spouting out that this was a terrible investment and a terrible store of value in fact fidelity which is a privately owned bank it's not publicly abigail's a visionary abigail johnson is the c.e.o. of that company and she allowed it to happen right does she have the intellectual capacity to allow the protocol to stimulate her i

short a dollar short to the dollar so they're saying bet against america and that all of that warren buffett stone tragically we knew this when we come i must take a break and come back after the break. fantastically for you stay to. the demick no certainly no borders and is blind to nationalities. as america we don't come with you we don't look like the whole world peace to be. people. judge you. come in every crisis like this system. we can do better we should. everyone is contributing to each of our own way but we also know that this crisis will not go on forever the challenges created the response has been much so many good people are helping us. it makes us feel very proud that we are in it together. you know when i'm going to be at their school i don't think of the last act i don't mean a guess that grown men now need or for this kind of where i want to be on the course of back and not be now i think it's hard and i. have to cut my feet is always them safe and quick passage to europe but once they do i believe they are in sleeves because of the tribute of. some of the maybe a mom and i

short the dollar short to the dollar so they're saying bet against america and that all of that warren buffett stone tragically we knew this when we come i must take a break and come back after the break. fantastically for you state. was a pandemic no certainly no borders and just plotting to nationalities. has emerged we told them with the we don't look like the whole world needs to be. judged. commentary classes. we can do better we should be. everyone is contributing way but we also know that this crisis will not go on forever the challenges create the response has been so many good people are helping us. it makes us feel very proud that we're in it together. you know what i mean maybe up there see i don't think about a last picture on many of us that roman not new dorp or. i kind of wear on the. course of the now i think it's higher than our. members of the africa mafias conway's them safe and quick passage to europe but once they. leave they are enslaved the country tribunal. will not last some of the libya ma-ma not under you know if this unit can get out in a minute. from the cinquera.

short a dollar short to the dollar so they're saying bet against america and that all of the warren buffett stone tragically we need a spine when we come i must take a break and come back after the break fantastically for you say to. there is a saying in washington don't let the perfect be the enemy of the good this appropriately describes the political warfare over another stimulus time and to center of this standoff is who wins or loses just prior to the election in the meantime tens of millions are suffering with no end in sight. americans love buying homes. and this was a fundamental part of how our political leadership and our country at large understood the bargain you get a hope and then you know rebel right as the things you don't revolt if you have a stake in the system. and be really interested in dialing back and think about the longer deeper history housings man in the united states not just that old question of the american dream but the bigger question of who the dream is and for . an entire village in alaska. if another country threaten the wife of an american. we do everythi

equity firms are you know a trillion dollars in size black rock is worth over a trillion dollars warren buffett's firm is worth $5600000000000.00 it's a good it's essentially a friendly corporator firm and as you point out trillions of that value gets spirited away into these offshore black holes and never seen again and you know it's really amazing to me this is if you got the central bankers like jerome powell will testify before congress that he has no reason that idea why when he prints trillions of dollars the money velocity that is the chart that shows how. how fast money is circulating through the economy he has no idea why the money of loss is crashing he just keeps printing and as you point out and others point out and others you've looked at the big 4 accounting firms who enable this to happen it's quite obvious you can find $25.00 to $30.00 trillion dollars that's now offshore that's been stolen by private equity and such your own pastoral powell is he just a useful idiot and that he doesn't really understand much or is he a complicit but i think i think it's a combination of both he's

those conditions under this conditions of extreme inequality those that rule the world including warren buffett needs to develop systems of extreme control and repression but you know i want to add one of the thing when we talk about warren buffet and what i refer to in the book as the transnational capitalist class and the 2nd dimension of global police state as independent of the systems need to repress and to wage wars and so forth to hold the mass of humanity down global police state is a men's only profitable at a time when the global economy has been in chronic stagnation and so we see that the whole global economy and society is increasingly dependent on militarization and force interest actual social control just to keep the global economy moving forward use the phrase military. ange it is and i should say you also mention the fact that citibank said invest in luxury goods because there's no point investing in things that aren't luxury fought for that elite and military keynesianism do you see that as the core project now of near liberal government that's that's one of the arguments of

warren buffett owns 25% of one i believe a switch to ev or hybrid or whatever, nev, new energy vehicleswill happen more quickly than we think. gm needs to make something sexier about their business. they have no love in the market for it at all. >> tim >> the j.p. morgan report called them the premium play in the china ev market and they wil win over time. that is not a stock for the faint of heart, but we know the story. so nio and j.p. morgan's call is just that. a delay on the ford f-150 day is a speed bump but not the end of the road more people are getting excited on the ev strategy i think ford had lagged behind ford the stock, ford the chart, very interesting if you look at both of the autos, and we have talked some of the secular dynamics in the auto industry and where the growth has gone in the last couple quarters. staying in this trade, the long-term ev story is probably not why you are buying it. >> coming up, the next wave of ipos are getting ready to hit the market rentals are said to be red-hot in this market (vo) i'm a verizon engineer and today, we're turning on 5g acro

. >> it lost the support of warren buffett. >> it did.ll owned some -- >> it is no longer the fair-haired bank >> no. no >> bank of america stock held up here. >> it has, yeah. but, yeah, mr. buffett, he's kind of all in with another name starts with an a >> likes a good balance sheet. >> enormous. >> like dairy queen. >> 57% gain this year hasn't been bad for berkshire either. >> maybe that's why he's in snowflake, another driven stock. >> that's weird. >> do you know, think about this, we always heard of warren buffett as the champion of value. snowflake is double the price to sales of zoom which was upgraded again. double we thought zoom was 60 times sales, we said that's ridiculous along comes snowflake and he buys more in the -- it is apparent they bought some more in the open market so you -- the second biggest shareholder. it >> it is interesting atlantic today does initiate snow under weight, valuation, discounting perfect execution, which is obviously the debate that happened ever since that thing went public. >> they say their m

you have everything from warren buffett lulling berkshire hathaway to go into an ipo. -- allowing berkshire hathaway. that is all you need to know about banking and capital markets activity right now. is it positive to see them doing so well in global asset management and is that the place you want to be right now? cole: to your point about the wealth management, it is a very consistent business. going back to the wells fargo conversation. that does limit wealth. it is a consistent business. at the same time, you can fetch a nice price for a wealth management business today. let's say we wake up in a world in two years where equity markets have done poorly and bonds have done poorly. those businesses will not fetch the same price. wealth historically has not been as strong as it pertains to operations. it has been a traditional residential lending bank. they are the best at real estate in the u.s. historically speaking. that could be a lever that they could pull. if you are jp morgan, if you are goldman sachs, that is not the same. any of these banks are buying assets because they want to g

i want to take my cue from warren buffett, find high quality companies -- buffett can get away from itause he's a billionaire. at the end of the day you ignore politics think about everything i would have missed. first i would have failed miserab miserably. i flew back to miami to take all the super bowl and missed the game i wanted to warn you the pandemic that's headed our way a pandemic that's coming out from china i started bringiringing the alal early. those were not stock issues but they help us identify a ton of winners. second, i follow politics and i recognize the stimulus package would stage off a depression the economy would come out of the pandemic just fine third, because i have been paying attention to congress i warn you another stimulus bill is going to fail if you listen to me, you would not be surprised that the president trump announced he withdraw throughout the elections. i told you stay away from stocks i started recommending regeneron. why? because the white house loves oil. so if oil goes up again, it is going to break out finally i told you to stick with it whi

warren buffett complained about it, saying it was wrong he was paying a lower tax rate than his secretaryt of wealthy people recognize that this is bad for our economy. you sum up- tom: if the taxes that rich guys are paying, it is a pretty large bracket. it may not be rockefeller paying 72%, but it is there. ncialize andfina deploy capital to people starving for capital? apple computer is not starving for capital. what about the small business person on a corner in tulsa, oklahoma? we have tot is where refocus our banking system. banks were always at the center of providing capital to small and medium-sized businesses. , youu are a small business cannot raise money on the capital market. you go to your bank. banks, overis the the last 30 years, have focused their attention on things like , tradingerivatives commodities, they found a lot more lucrative ways of making money. some of it, market manipulation. if we stop some of the bad activities, market manipulation, predatory lending, and encourage them to use their mandate, which has led to small businesses, i think it would actually crea

even someone like warren buffett scored a five ranking because he has given so much away. if everyone gave like warren buffett or chuck feeney, we would solve extreme poverty 10 times over. you can actually invest money in institutions. if you want to fight covid, the best way is to strengthen the is anh system which institution or reform it politically. we encourage people to advocate for political reform because it is a great way to strengthen democracy. all these things work hand-in-hand. derek: hugh evans and priyanka, thank you so much for being here. priyanka: thank you for having us. hugh: thank you. ideal now, and atlantic file with danielle alice. why do i love the u.s. constitution? instrument -- article one, section two of the constitution determined that representation in congress and --ation excluding indians. my great great grandfather was among the enslaved. given the crimes against humanity written into the constitution, compromise was necessary to form a union. much can be said about the compromises regarding slavery that help the constitutional convention

warren buffett will pay his fair share. >> i fear my friends on wall street are for biden. >> laura:hey are, i'm getting to that of the next segment. >> let me make something very clear. if you rollback, if biden rolls back the trump tax cuts and deregulation, the biggest losers will be the middle class. the fact is, and the data shows, census bureau, labor statistics, federal reserve board. trump's three years, lower taxes and regulations, the benefits went to those who needed the most. the middle class and the lower wage earners. they were the biggest winners. if you rollback back, they will be the biggest losers. that's why this program from my friends on the other side of the aisle does not work. it is stagnation. trump's growth and prosperity. >> laura: larry, given the gallup poll that found that 56% of americans say they are better off than they were four years ago, tonight a new nbc "wall street journal" poll found that 50% said the same. i don't know what happened to the 6%. the same poll found that 58% say the country is worse off and trails biden by 11. where is the discon

moment that realization hurts and the bottom fall outside and warren buffett says you discover who is not wearing pants when the tide guess out. >> you realize, i'm not holding what thought i was,. >> exactly: >> good questions coming in here. one regards something i believe you addressed in the first half of the book roughly, which is -- has to do with the history of government lotteries. susannah spears writes he an successor toes who immigrated from germany to england and her family's research suggests that for what susan understands they did -- they sometimes -- jews -- at the time didn't have opportunities so that selling lotteries was way to survive. rabbis and shoemakers. >> that's right. this was the jewish story in all of this is actually quite interesting. don't get to into great detail in the book but jus -- jews were kicked out of england in the medieval period by edward i because he was filing wars he couldn't afford and the kicked the jews out and took their assets and he was using it to attempt to conquer wales, and the jews were not let back into england until cromwell

he was on a phone call telling voters "just got on off the phone with warren buffett, we are in a position to lead the whole world in a way that no one else can." he has favored virtual or small socially distance events while calling out large trunk rallies. >> so reckless. >> covid-19 cases have been linked to multiple trump events and a biden event as well, at least one case has been traced to a stop biden made at the end of last month in minnesota. >> hello minnesota, it's good to be back. >> as his running mate, let harris attend supreme court nomination hearings, biden says amy coney barrett should be confirmed but she seemed like a decent person and despite his big lead over trump in the polls. >> i'm one of those superstitious guys, it ain't over till it's over. >> it's a day closer to being over but biden is not in a battleground state, instead he's here at home in delaware. he's going to deliver pretaped remarks to a muslim is making change and he did attend that virtual fund-raiser with 37 donors. >> bret: peter doocy in wilmington. president trump has once again spent the dinner

the challenge is people are buying things that sound great they're buying things like warren buffettthe valuation of snowflake, it assumes about 60, $70 bill market cap this they have about 50% of the market share which doesn't make any sense. >> so if you are one of these companies, right, doesn't it make sense for you to try to grow as aggressively as reasonable under these circumstances whether that means m & a, whether that means getting the absolute best sales force? as you say, these valuations have to be justified base odden what is going to happen three to five years from now. the companies need to make sure they're a lot bigger three to five years from now, right >> yes, exactly. we're going to see a lot of that m & a action happening to buy both customers and talent and to buy into new adjacen adjacent m. we're going to see that a lot. salesforce is doing. that i've been living through that with mulesoft, my company and it's the right strategy. there is enough opportunity out there to make it make sense. but the valuations are, you know, unless you're really looking 10 to 1

. >> i made a joke recently, warren buffett's laughing at you. are, you know, at their price at their book to value. so a lot of great opportunity out there. maria: so does any of this change with the election and the results afterwards? we're just two and a half weeks away from election day. do you want to look at what, you know, the election tells us in terms of energy or any other spaces? because, remember, donald trump and joe biden have very different approaches to energy. >> that's a really good point, but i think the bigger mistake that investors are going to make here -- and i've seen it time and time again this year, is waiting for the election to be over to get invested, waiting for that certainty. now, you know, when the market recovered, i was one of the few people on wall street saying we may see a v-shaped recovery back in april. before the summer, again, there was a lot of concern about what the market was going to do. market went up big other the summer, we had a summer meltdown. now there's a lot of uncertainty going on and a lot

i've heard that maybe even warren buffett has been looking at the stock. i don't know if he's in it but we have heard talk about this. this is a stock that's going to do well. two ways. number one, you get away from the u.s. volatility a little bit. number two, if we do get a second wave of covid, people staying at home, even more online shopping could mean the stock's going to do very very well. looks like it broke out to the upside. it's been a very volatile stock. back above $50 and it could keep going. that's one to take a look somewhere else when nobody's looking. liz: i like this idea, because if you want to just sort of remove yourself from the united states and all the drama for the next three weeks, but still stay in the stock game, good stuff, gentlemen. have a good weekend. try and stay away from the headlines but if you need something, it's always on fox business.com. we break stuff all weekend long. thanks so much. have a good weekend, guys. >>> all right. with everything going on in the nation's capital, president trump's favorite social medi

has brought you some of the wealthie wealthiest, most successful investors in the world from warren buffett to bill gates, business geniuses like tesla's elon musk when nobody was paying attention. from silicon valley to the new york stock exchange to the white house, davos, switzerland, las vegas consumer electronics show, we have shown you some of the most innovative products and covered breaking business news during everything from the great recession, because that happened right when we launched, the historic bull run that followed, and now the current coronavirus pandemic. cheryl casone, you, stuart varney, neil cavuto, david, charles payne, connell and i are the originals. we are still here. i was thinking about it. we worried about making it through the day, let alone years, and here we are 13 years later stronger than ever. what do you remember at that time? because you and i were on the same floor. cheryl: yeah. i remember that all we wanted that first day in the morning was just for the lights to go n on. that was victory at 5:00 in the morning that day. i have to remind you of so

warren buffett's taking sizable stake. this dovetails my bricks and mortar investment thesis, kristin, you didn't like. giving you another chance right now to get on board? >> hey, i didn't say i didn't like bricks and mortars. it needs a little work done. it needs a little botox. maybe dillard's is the botox retail needs? charles: [laughter]. you're two of the best. i appreciate it, ladies. go ahead, hitha. >> if anyone is offering botox at dillard's that is a way to get people into those stores. there you go. charles: [laughter] >> i agree. charles: better be on deep discount. thank you both very much. this contentious confirmation hearing amy coney barrett wrapping up the first day despite democrat objections. what investors are listening for and how she might rule on key businesses. how the fight over the supreme court could transform the election. only 22 days away. we'll be right back. or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading