warren buffett the billionaire _ other sectors.buffett the billionaire investor- other sectors. warren buffett the billionaire investor has i the billionaire investor has said that tariffs are essentially an act of war and that he questioned in an interview with cbs saying it into the tooth fairy. what's going on with wall street? you said you might see a correction further down the line, why aren't they more nervous at the moment? is it because they don't think trump will follow through? don't think trump will follow throu~h? , ., , , , through? obviously we still have the tariffs _ through? obviously we still have the tariffs that - through? obviously we still have the tariffs that were i have the tariffs that were imposed with his first term. i think most investors believe the threat of the tariffs and the threat of the tariffs and the percentages of the tariffs are part of the deal he is trying to cut so i think that's where people are more calm and not as concerned about the ripple effects that tariffs could had on the economy

host: what do you make about headlines of warren buffett hoarding cash and then this one "is warren buffett selling before a stock market crash?" guest: that goes back to my point about valuation. overvalued and frothy. i expect that warren buffett is seeing the same things and historically, what he has done when people are optimistic and driving up stock prices and it looks like they are getting overvalued and frothy, with some signs of speculation creeping in and people start thinking about that. that is when he tends to pull back which raises more cash. historically, he has been rewarded by doing that. it is really hard to do because you see the stock price rising every day and you get somo and you worry about missing out. he is very good at that a very disciplined investor and generally the market goes down and if it is overvalued by definition it is to highly prized. and the market goes down and that is when he buys and steps in. you can tell, not many people are up to the ability to do that and have that patients and discipline and understanding -- patience, disc -- discipline and pat

warren buffett can pull up that card and leave with that mcrib. baby. >> y'all ain't. >> does anybody know which chain beyonce eats at for free? >> i'm going with popeyes. >> i was going to guess that, but i didn't want to sound racist. >> he said black card and he said it like chicken. >> popeyes is the answer. >> you could just look at me and tell when i'm thinking. >> chicken. >> black women something else. >> boy, that. >> that is an intuition gift right there. mrs. knowles-carter was given a similar special card by popeyes, but told oprah in 2003, quote, i've never used it because i've been too embarrassed. do you have to be embarrassed at popeyes? beyonce? they're in there drinking sweet tea out of a bag. it's not just the queen bee and warren buffett who've been giving free fast food cards. let's play a quick game. i'm going to name a famous person. you all tell me which of these two restaurant chains gives them free food. first up, emily blunt. >> does she. >> eat classy jamba juice or dairy queen? >> that's got to be jamba juice. >> it ha

the duolingo owl, benedict cumberbatch and warren buffett. first up, chop chop.which two of these people get free fast food for life? >> now, no matter what you say, beyonce does. >> yes. >> i'm not charging her for as she took all my money. no. >> now give me one from the other side. >> warren buffett that. >> sounds right. >> the rich people always get all the free stuff, so i'm going with that. that works. >> the answer is beyonce and the sixth richest man in the world, warren buffett. >> what did i say? >> well, it was granted a gold card that gives him free meals for life at any mcdonald's in omaha, nebraska. warren buffett can pull up that card and leave with that mcrib, baby. >> y'all ain't. >> does anybody know which chain beyonce eats at for free? >> i'm going with popeyes. >> i was going to guess that, but i don't want to sound racist. >> he said black card and he said it like chicken. >> popeyes is the. >> answer. >> you could just look at me and tell when i'm thinking. >> chicken. >> black women something else. boy, that. that is an intuition gift rig

from our colleague norovirus, an interview with the legendary investor warren buffett.about money, but also an unlikely friendship with the late "washington post" publisher katharine graham. plus, mo rocca on the life of hollywood great gene hackman. and more on this oscar sunday morning for the 2nd of march, 2025. we'll be back in a moment. ♪ i guess what i'm looking for from you is, i mean, i know how the fire affected me, and there's always a constant fear that who's to say something like that won't happen again? that's fair. we committed to underground, 10,000 miles of electric line. you look back at where we were 10 years ago and we are in a completely different place today, and it's because of how we need to care for our communities and our customers. i hope that's true. [joe] that's my commitment. [ambient noise] >>> advances like smartphones and streaming have had a profound impact on entertainment in recent years. especially when it comes to the movies we watch. and how we watch them. but has it all been for the better? we asked beben mankiewicz to lo >> report

>> well. >> as far as i understand, warren buffett is no radical. >> when it comes to his understanding of economics. >> he's, you know, about as plain and. >> simple and conventional. >> as you can get. what warren is talking about, right there, is what. almost every economist will tell you. >> that when you place a tax or a tariff. >> on a good, the price of that good goes up. president trump and people who work with him have insisted from the very beginning that the entire economics community is wrong about this. however, they have presented very little evidence. i can walk through scott if you want their explanation. which does not hold up incredibly well under scrutiny. what they pointed out is that when the president put tariffs on in 2018, you did not have an effect inside or in the broader consumer price index. of course, back then, inflation was below the fed's target. they also seemed to target things that did not go directly into the cpi. these tariffs come, scott, at a time when inflation is higher, when inflation expectations have begun to go up, when the fed is not at its

>> uh. >> with warren buffett? >> i think they're going to raise prices. >> their attacks on american consumers. >> i mean, if. >> you. >> add up all of the tariffs that are now in play, those that have already. >> been imposed. >> like the 10% on china and those that are being discussed, like the 25% on canadian and mexican imports. add that all up, kate. uh, that will add, uh, about $1,250 to the typical american's bill over a period of a year. so could you kind of context, uh, and, you know, that assumes that the price increases related to the tariffs are kind of one off. you know, they're just they everyone passes those through to american consumers at the end of the story. but i'm not so sure that's going to be the case this go around. because the inflationary backdrop in the current environment is very different than the one in president trump's first term. back then, the problem was inflation was too low. inflation expectations were nonexistent today because of what we americans have gone through, all the in

he was one of 40 billionaires led by warren buffett and bill gates, who agreed to give at least half of their wealth to charity. and in peterson's case, that meant endowing the peterson foundation with $1 billion to educate the public about the national debt and deficit. perhaps you've seen some of the foundation's media. we're showing it now. he passed in 2018, but the foundation lives on today. his son is the chair and ceo. michael peterson joins me now. michael, thanks for being here. why was your dad so fixated on american debt? >> well, thank you, michael. >> thanks for having me. i think. >> as you mentioned. my father's. life represented the american dream in many ways. and i think the values that he learned growing up were about saving for the future, investing in the future, leaving the next generation better off. and when he looked at the outlook for the united states, it was the opposite of that. the 36 trillion in debt that we've amassed, the trillions more coming, the demographic challenges he he foresaw very clearly a point at which the american dream was under threat b

what legendary investor warren buffett just said about the impact on prices. >> over time? there are attacks on on goods. i mean, you know, the tooth fairy doesn't pay it. i mean, and multiple passengers in the hospital, after several flights had to divert due to dangerous turbulence. >> amid upheaval and sweeping changes. >> the president of the united states. >> trump, heads to capitol hill to share what's next. follow cnn for complete coverage and in-depth analysis. the presidential address to congress tomorrow at eight on cnn. >> hi. >> i'm jay jackson. >> for almost 20 years. >> abacus life has been purchasing life insurance policies for seniors. and in just seconds, you can use the free calculator@abacus.com. >> to learn. >> what your policy might be worth. >> for many of my clients, selling their life insurance to abacus was right for. >> them and. >> their estate plan. >> don't sell or lapse your policy without going to abacus.com first. there are no fees and no obligations. get the real value from your life insurance when you need it. with abacus. >> psoriasis all

i want to get your response to warren buffett, who said even the tooth fairy doesn't pay tariffs. making the point consumers do, and that it's an act of war to some degree. >> that's so silly. i mean, the united states of america before 1913 only had tariffs. and then we created, of course, when we entered world war i, we all had to pitch in. and we created, of course, the brilliantly named internal revenue service. that's why it's called the internal revenue service. so donald trump has announced the internal revenue service. let's let outside people who live and breathe off our economy, let them start paying, and let's reduce the tax burden on americans. no tax on tips. no tax on social security. no tax on overtime. this is turning that tariff money back to the american people. and that's what donald trump is going to do. >> in theory it might sound good, but in practicality there are a lot of questions about that. and he wants to get rid of the irs. >> of course, if we could have the outside. i mean, that's a big objective, right? the big objective would be to have enough money

warren buffett over the weekend talking about tariffs being the moral equivalent to war.re the equity market is. we have taken up the trump bump. the bond market is still up from september even though we are off of the 4.80 high. what we are really looking at is consolidations within markets rather than breaking and having new trends. jonathan: politicians in the business of the fighting bad versus good. we are interested in markets, better versus worse. will growth be better in 25 versus 24? 3% gdp down to two point five, or up to 3.5? steven: if we are in that area, this is the fifth year of above trend economic growth. that has never happened before. in the postwar period. i don't think that is a bad performance. certainly persistent with the where bottom-up expectations are for this year, around 12.5%. if you look at all the negative headlines around earnings, our tracker is -12.6%, which means 12.6% of companies are downgrading earnings versus upgrading them. that is not contraction phase in the market. the headlines you are getting are out of step with reality. lisa

warren buffett has paid a record amount in taxes. i think that's worth noting.hat's been in the press very widely in the past few days. but this budget framework delivers on house republicans and the president's promise to minimize tax burdens for americans across the income spectrum, promote security in our communities and unleash economic growth. the resolution would allow us to extend the historic tax relief from the tax cuts and jobs act which has been successful, and we know this, allowing more families to keep more of their paychecks and supersizing growth. if these tax cuts are allowed to expire, the average american would suffer, make no mistake. small businesses, family farms, so many other folks. in addition to averting the most severe tax hike in american history, this deficit neutral budget will reduce the debt to g.d.p. ratio by 8%age points and the american people -- mr. arrington: i'd like to yield 18 seconds. mr. smith: the american people want us to have a thoughtful exchange. let's stick to the facts and realize we can do well for the american