central banks to do this you know warren buffett is something very similar when he bought the burlington northern route he if you think about that transaction he dumped paper currency and bought a river which is nothing but hard assets it's a land where all rolling stock switches you. robots make money by moving other hard assets like coal corn wheat steel etc so that so warren buffett is getting out of paper money into hard assets when he bought the railroad maybe you know we all can't afford to buy an entire row but we can buy some some gold it's like our roubini i believe he was the one who said you know if everything really really turns south by spam you can actually sell any spam you can't eat gold so it just depends on what's necessary at the time but my next question is now a former bush treasury official. he said that maintaining the dollar as a world reserve currency is a quote national security issue what do you see the u.s. government doing if it looks like the dollar's reserve currency status is actually challenged. well by the way coming back to her being he was also the one

why does he get to be cool when we vilified the system he uses to get rich warren buffett is coddled by the corrupt system but then he goes and writes an op ed for the times called stop coddling the super rich and everyone is all he's so cool doesn't anyone who feeds the hypocrisy the bottom line is warren buffett's money is just as dirty as anyone else's on wall street but somehow his reputation remains squeaky clean tonight let's talk about that by following me on twitter at the resident. and that does it for now for more on the stories we cover. go to youtube dot com slash r t america check out our website r t dot com slash usa you can follow me on twitter at i'm your i david and don't forget to tune in at nine pm for larry king now with tonight's guest cher lloyd young emerging music sensation from the u.k. she'll talk about her newest album her time on the u.k.'s x. factor show and much more for now have a good night. i. think that. i would rather ask questions to people in positions of power instead of speaking on their behalf and that's why you can find my show larry king now

it was started by an influential trio-- bill and melinda gates, and warren buffett. we waited for the opportunity to get them together to learn more about their new club for billionaires. membership comes with just two requirements-- be worth at least a billion dollars and be willing to give half of that away. is it necessary to join the giving pledge that you promise 50% of your net worth? >> melinda gates: yes, in your lifetime or in your will. >> rose: or in your will. >> warren buffett: right. >> rose: are people shocked by that? >> buffett: i don't think so. >> melinda gates: we're asking them to be bold. we're asking them to step out and to do something big. but a lot of them were already on their way there and just hadn't put a numeric number behind it. and i think now, also, the giving pledge has gotten going, people know that's the expectation. >> buffett: and we don't... we don't find a lot of people that say, "i want to join if it was 40%." ( laughter ) >> rose: some may say, "i'm happy to give much more than 50%." >> buffett: oh, most of them. most. my gu

warren buffett's relatively simple plan involves simple math had. it has a of warren buffett's bake in a few crucial times over the years and liz macdonald as it for you. the red signal and wind it is blinking right now. and got you when it comes to stock purchases. right out of the gay as we mentioned the dow hit a record high right off the bat. now is on track for its 30 third record close this year alone. with four all stock and jeans, picking these out that his brand new heights. nicole petallides with nike and more. nicole: we talk about the dow jones industrial average, 30 nations that represent different sectors. we are seeing a up arrows, procter and gamble, blank, nike, hit a high earlier today but didn't fall back on all four of these machines hit record intraday higgs today. is worth noting the dow jones industrial average as well, a new record high today, 15,740. we have been watchinggthe s&p 500 closely to see if it too will have record of some sort, may be a closing record. in the meantime we talk about nike and procter and gamble you

the life and money lessons warren buffett has passed down to his son and grandson. and will paramount cash in at the box office with the latest film about wall street -- first business starts now. but first...we'll start the day with matt shapiro, president of mws capital. good to have you on the show today. > >thanks angie. > >you are here to talk about the santa claus rally. that is the big rally that tends to happen between christmas and new years. i feel as though this market has just been the gift that keeps on giving all year long. so what do you anticipate this year? > >profits have been booked. it's been a blockbuster year. things are gonna quiet down and it's gonna be tough for anybody to push the market either way but it has been those momentum stocks of course that people are gonna want in their portfolios as they look to 2014. a lot of that is what's behind the santa claus rally. portfolio managers putting in the best stocks into their portfolio towards the end of the year in quiet and relatively thin markets. > >how should the average investor handle th

index and doubled the return of warren buffett's berkshire hathaway the studied show. that's a good gain right there for icahn's portfolio. back to you. >> sure is. thanks so much. >>> on-line gambling comes to the garden state. today new jersey regulators giving the green light to six casinos to offer internet gambling state wide. gamblers must be within new jersey. the state joins nevada and delaware as the only states offering internet gambling. the ceo of 888 holdings will be on "closing bell" to talk about his major decision and his company operates several high-profile gambling websites. >> power run down time. with our entrepreneur gary vaynerchuk, one of the popular guys in social media with more than 1 million followers on twitter and ceo of boehner media his book "jab jab jab right hook." gary, states allowing on-line gambling, is this inevitable? is it the next big thing in the gaming business? >> yes. >> yeah?

buffett is up to, multibillion-dollar investment of exxon means the company now is sixth in berkshire's portfolio where it ranks in what it is investing in. dagen: more on that decision, 23 airmass co-founder to walk away from a $3 billion offer cash money, and kansas turned down the offer from facebook but we might know why they did it. a couple of them say google was brought up for at $12 billion offer and the blondes report google and face coated not the only bidders, starting with china's $0.10 expressing snap chat, $3 billion range.

and then warren buffett, betting big on big oil. it's friday, november 15th, 2013 and "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box." i'm becky quick along with joe kernen and andrew ross sorkin. we'll be looking at huge issues facing corporate newark right now. this morning, we'll be joined by the ceo of insurance provider unum, waste management's ceo david steiner. we have kimberly clark's tim falk and we'll cap off our ceo summit with fred smith from fedex. the more records from wall street as janet yellen says the central bank's current policies will continue. >> we expect to maintain a highly accommodative monetary policy for some time to come thereafter. and the message that we want to send is

what was your grade point average, warren buffett? >> i was a good student at rose hill, but then moved to washington and was a disaster for a while. >> we want to talk about your education initiative. i grew up in a house where i was told it was impolite to talk about money. at what point do you think you should start talking to kids about money and business? >> very, very early on. it's very important to understand about money, about work habits, about saving. you can't learn that too young. it is the habits you develop when you're young that you live with when you're older. someone once said the chain of habits are too light to be felt until they're too heavy to be broken. you want to get the right habits very, very young. >> you've helped create the secret millionaire's club for kids to learn the basics. what's the best way to get kids to learn about investing about finance? >> well kids do like to learn, but you've got to make it attractive for them. they've learned through reading, learning every day through watching television.

warren buffett. what he is looking at specifically in just a few minutes. dagen: managing your own health care costs. forcing you to be a better shopper. how you can do just that. speaking of the federal reserve, long-term interest rates still in check. om what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwat well p and a state-of-the-art monitoring center, whe experts watch over all drilling activitywenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. and this park is the inside of your bo. see, the special psyllium fir in metamucil actually gels to trap some carbs to help maintain healthy blood sugar levels. metamucil. 3 amazing benefits in 1 super fiber. >> i am joe link kent with your fox business briefs. leading economic indicator rose by seven tenths of a percent in september. economists say that means u.s. economy should continue to grow modestl

c-span: who's warren buffett? >> guest: warren buffett is the--the famed investor, whose--whose biographies are snapped up by everyone trying to figure out how berkshire hathaway made all its billions. he's the man who, probably more than anyone else--i think at this point, he's either the wealthiest man or the second wealthiest man, but probably more than anyone else is--is the sage of--of modern investing. and his son, howard, was assistant to the chairman, dwayne andreas. and in this story, in this event that takes place in the book, there was a--there was a--a point where they were discussing going to a chicago bears game, dick durbin and howard buffett. now whether a request was actually made or not is not quite clear. it is clear that there was a belief that a request was made. and adm and howard buffett was--was--was warned by a secretary, 'well, this--this this kind of thing, you know, might--might violate some--some ethics rules.' and so they went and had a lawyer look into it, and--and the lawyer came ba

remember, warren buffett himself says he'd be willing to pay up to 120% of book value to buy back his own stock, implying a possible buffet floor, if you will, around $152,000, those shares you can see $173,000 per share. >> thanks for that. not many people own the as, but the bs are out there. >> i personally think they are a hard buy. listen, warren, greatest most successful investor. when you talk $173,000, you're well above what warren buffett would even consider maybe fully valued. so to me, you know, if you're in them, and you have been in berkshire hathaway forever. good for you. i wouldn't be buying here. >> pops and drops. big movers for the week. we have a pop here. >> look what happened, the china pmi is driving momentum. which was already there and a lot of the mining, cliffs, even steel guys continue to stay in the trade. >> all right. we have a drop for dr horton down 6% on the week. >> tough week in home builder space. we saw rates up again. we know what happened in the spring with home builders and home sales. i'd stay away for a little bit. >> drop for lululemon down

what warren buffett says could lead to the big investment regrets. plus.... the grocery store habits that are slowly draining your bank account. and... find out why a recent comeback is music to collectors' ears... we'll be right back! big time investors make it look easy to make money. now-- billioniare investor warren buffett is sharing with usa today 3 investing mistakes to avoid. number one: trying to time the market. buffett says bad idea because its tough to predict short term market moves. number 2 trying to mimic high- frequency traders. he suggests buying stocks and hang on. and number 3.. paying too much in fees and expenses. buffett likes investing in super low cost index funds. cutting up your own vegetables -- may seriously cut down your grocery bill. a study by savings site living on the cheap shows how a few minutes of effort can pay off. the break down? people who chop thier own veggies, fruits and meats spend an average of $380 per year. buying prepared or pre-chopped foods.. costs more than $1,000. now onto a blast from the past! sales numbe

now warren buffett he essentially runs a highly concentrated long only had fun yet people trust him and the people trust him because he no longer charges fees which is kind of interesting and he's warren buffett so he can do that is this the only had you believe a pension fund you kind of be invested given your position. well i don't know if i don't i don't know but no fees at all but i just don't think it should be two in twenty you know for four. retired. firemen and policemen and teachers and people like that i just don't think that they should be paying that kind of a fee especially when they're being asked to make commensurate cuts in their own benefits. you know there obviously can be alternative investments and they have they do have something to offer and as we saw with two thousand and eight when states are or over invested in the stock market and they don't diversify that can be very dangerous for stressed state pension funds so there should be some allotment to two alternative investments that just should be fully disclosed the fees shouldn't be extraordinarily high. and you

perhaps warren buffett is being defensive and he has his eye on the long term there, too. you could make the argument that's potentially a defensive trade for him. >> well, i'd just say, bill, may 22nd to june 24th the s&p lost 7.5% in a very short period of time. that was the selloff. >> the bernanke -- >> yeah. and bounced, buy on the dip, pretty much very soon after. thanks very much. >> when we told the world they were not going to taper, right, maria? >> you're right, bill. we knew it. thanks. >>> heading to the close, 30 minutes left. we continue incrementally to go higher here. the dow, let's face it, another couple days we could be at 16,000. >> amazing. >> at 1800 on the s&p. new high territory. >> rocking and rolling today. meanwhile, a new study finds 25% of shoppers plan to do some shopping on thanksgiving day. 25%. is it now inevitable all retailers will start opening on turkey day? we'll hear from the ceo of the national retail federation who conducted that study. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the

he was warren buffett. i know you're close with warren buffett. as a mentor. and he is learning the lessons of business people. he is out there basically shoveling, at ground breakings with a hard-hat on with -- david: you're rich you're spending. when you're wealthy you're investing in the future. >> he spend to the point it his part of his marketing plan for him to show his fans through very aspirational in scope he is out there living the life but reality this guy wants to be a billionaire one day. liz: you know what? we always talk about the power to prosper here at fox business. i look at this to say he is smart enough guy. look what he did, attaching himself to the barclays center. in the blink of an eye, one of the most, successful arenas in america. he is very much a part of that he knows exactly what he is doing. you know what? so be it, if he can get barney's to change some of that behavior if it is indeed true he becomes more power you'll if to hayes fans. >> i think the barclays center benefited from him because he delivered brooklyn for them. that

the living plemg was created by bill gates, me linda gates, and warren buffett. the gates have already committed to giving 95% of their wealth away, warren buffett, 99%. they say that kind of extreme giving is needed because the rich have been getting so much richer. tech invasions and rising global markets have produced vast portions not seen since the industrial revolution. so what does warren buffett say to convince today's billionaires to give their fortunes away? >> incremental wealth, adding to the wealth they have now has no real utility to them, but that wealth has incredible utility in a big way. vaccinate children.dren, it can it can do all kinds of things. >> there are people i know who say i want to give it to my children. that's what i want to do. what's wrong with that? >> i don't really think that as a society we want to confer blessings on generation after generation who contribute nothing to society simply because somebody in in the far distant past happen to amass a great amount of wealth. >> so far 115 billionaires have bought warren buffett's

neil: i think your friend warren buffett has said tht they want to give it all away. and i'm wondering with her three children, have you told them this as well and if they are looking at a huge inheritance that it's not coming? >> well, we talk about the vast majority of the wealth going to the foundation. all of his money is spent not qe foundations and even their it's our foundation and his children's foundation and its set up after we are gone, our foundation will spend its money within 20 years and, you know, our kids are excited about the foundation and they will get a great college education and some support as well. they are very lucky. >> i think that giving a kid hundreds of millions or billions of dollars, it's actually not good for the kids or for society. neil: suzanne s (vo) you are a business pro. maestro of project management. baron of the bld-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size

robots make money by moving other hard assets like coal corn wheat steel etc so that so warren buffett is getting out of paper money into hard assets when he bought the railroad maybe you know we all can't afford to buy an entire row but we can buy some some gold it's like our ravinia believe he was the one who said you know if everything really really turns south by spam you can actually sell any spam you can't eat gold so it just depends on what's necessary at the time but my next question is now a former bush treasury official. he said that maintaining the dollar as a world reserve currency is a quote national security issue what do you see the u.s. government doing if it looks like the dollar's reserve currency status is actually challenged. well by the way coming back to her being he was also the one running around for three years saying the euro was going to fall apart greece was going to get kicked out spain had to quit the euro and the fact the euro is strong and getting stronger new members have been added so just kind of job in terms of being these forecasts about want is exc

robots make money by moving other hard assets like coal corn wheat steel etc so that so warren buffett is getting out of paper money into hard assets when he bought the railroad maybe you know we all can't afford to buy an entire row but we can buy some some gold it's like a ravinia believe he was the one who said you know if everything really really turns south by spam you can actually sell any spam you can eat gold just depends on what's necessary at the time but my next question is now a form of bush treasury official. he said that maintaining the dollar is a world reserve currency is a quote national security issue what do you see the u.s. government doing if it looks like the dollars reserve currency status is actually challenged. well by the way coming back to her being he was also the one running around for three years saying the euro was going to fall apart greece was going to get kicked out spain had to quit the euro and the fact the euro is strong and getting stronger new members have been added so just kind of job in terms of being these forecasts are but one is excellent an

warren buffett 99%. they say that kind of extreme giving is needed because the rich have been getting so much richer. tech innovations and rising global markets have produced vast fortunes not seen since the industrial revolution. so what does warren buffett say to convince today's billionaires to give their fortunes away? >> incremental wealth. adding to the wealth they have now has no real utility to them. but that wealth has incredible utility to other people. it can educate children it can vaccinate children. it can do all kinds of things. >> reporter: there are people that i know say i want to give it to my children. that's what i want to do. what's wrong with that? >> i don't really think that as a society we want to confer blessings on generation after generation that contribute nothing to society simply because somebody in the far distant past happened to amass a great deal of wealth. >> reporter: so far billionaires have bought the document and signed the giving pledge. ages range from 27 to 98.

warren buffett dumped shares but he is loving mobil, up $3 billion worth. more about that 22-year-old founder we told you about how he turned down a $3 billion offer from facebook for the company, kashmiri, talking google to drum up an even sweeter offer. getting it to work, companies getting more out of their employees, boost productivity for video surveillance but how much is too much? that and more this hour, there is never enough. connell mcshane is here on markets now. ♪ connell: you caught that it in the open. dagen: 4 hours. connell: do michelle ng your own accent, better than imitating party. dagen: my accent is bad to begin with. identity anybody. connell: nicole petallides as a terrific accent like mine. she is from the new york stock exchange to talk about the market up 50 points on the dollar. nicole: 16,000 getting closer and closer to that level. dow jones industrial average set another record today, all time record high for the dow today and at the moment of 50 points, a dish of 1/3%, 13,926, nasdaq composite of 3 points, fractional move an

>> i've got to tell you, there's going to be a continuing run in exxon now that warren buffett took a $40 million share straight. you're going to hear nothing but how great exxon is because you have a big buyback and warren buffett likes it. wait three days and then sell sell sell. hope in new york? >> caller: hey, how are you? >> all right, how are you? >> caller: good, thank you. what do you think about phnd after tanking on earnings and bouncing back big? buy or sell? >> i have had such bad luck with the laser stories. the laser health stories. i'm going to stay away from this one. it's too difficult for me. i've made too many mistakes in that particular patch of medicine and lasers. francis in michigan. >> caller: boo-yah! thanks for taking my call. from the great city of pataski in northern michigan, i want to know what you think of gentex corporation. they do a lot with johnson controls. >> huge, huge winner for my charitable trust.. i have liked gentex for some time. they do the mirrors in cars. i love the auto parts story. i think it will get better and better. now i need to g

let's get you to the headline numbers for warren buffett berkshire hathaway. $228 per share short of wall street estimates. those sales revenue better at $46 half billion. this is $126 thousand. buffett himself said in the past berkshire would buy back its own shares 120% of book value. that gives an imaginary floor for the stock if you will. back to you. >> despite berkshire result, there's a warning sign loom in the markets as a whole. both of them standing there. this is a historic moment for options action. kick usoff. >> the footbainancials don't ac well. here's stats that back that up. look at the one week performance financials, insurance, broker dealers, banks, underperforming one, two, three months. in fact a fourth and fifth month. it's not a good circumstance. watch these big banks. this is jp morgan. it hasn't made a high since july or august. marcus here in october. same for citibank. hasn't made a high since august. look at goldm magoldmanman sax. here's pay big life insurance company. same circumstance. hasn't made a high since august. these are all topping out forplaf

warren buffett, for example, has wells fargo for a decade. that makes a small percent of the index, compared to 1% of the s&p 500. the returns are 12% in the last eight years of the index compared to only 7% of the s&p 500. so you're looking at about almost double the returns for half -- or the same risk. so i think it really mitigates the risk, and by looking at the different billionaires, as one maybe buying and another one may be selling. >> what if you wanted to just follow a buffett model, or an icahn model? will there be eventually products for that? >> right. the index is really -- what's interesting about it is you can follow both. for example, warren buffett likes to invest not in technology, and icahn wants to invest in technology. so with the index in both, you have a bit of both of best of the worlds, and i think that's what's interesting about the continue ex. -- index. >> it's updated as the 13-fs remain public. how long does that take? minutes or seconds? >> it takes about 45 days. but, for example, david einhorn has had apple

. >> this is warren buffett taking his biggest position since ibm. i had been a big derider of exxon hoping they would show production growth. this last quarter was a good quarter for exxon. a 2.7% yield, this company is a long-range thinking, it hasn't really monetized xto yet, the natural gas company, they've not been in favor of using natural gas as a surface fuel. i think when they change their mind, the stock will go higher. i think this is a very well company that no one, i'm going to use the phrase, ever got hurt owning. >> people run into the shares because warren buffett owns it? >> oh, geez, stop it. that makes no sense at all. my charitable stock owns wells fargo and i'm like we're not selling it because warren buffett owns it and she's like, jim, how about some rigger. >> stay with us right here on "squawk on the street." [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a com

warren buffett says nuclear power is uneconomical. >> when they built fukushima and chernobyl, when they built three mile, they said it was a 1 in 10,000 odds that there would be a meltdown. now we've had three meltdowns in 35 years in three countries. would you take those odds to las vegas today? 1 in 10,000? >> first of all, i was 8 years old when three-mile accident happened so i don't feel like should be responsible for what happened when i was a baby. the good thing is it is studied really carefully by the international agency, the world health organization, articles in lancet. so ralph can speculate all you want. the science is clear about the safety of nuclear. you've had three serious accidents. coal, when you don't have accidents, when it is functioning properly, kill 13,000 people a year over 300,000 people a year. so what do you say to that? what about all your coal deaths? what is the solution? >> if you only listen, the solution is, massive potential here now for energy efficiency. job intensive all over the country. studied from a to z. >> i've bombeded to that twice. >> se

billionaire investor warren buffett seems to think so. see what he sees he likes in detroit coming up next. you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ when you do what i do, iyou think about risk.. i don't like the ups and downs of the market, but i can't just sit on my cash. i want to be prepared for the long haul. ishares minimum volatility etfs. investments designed for a smoother ride. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [ engine revs ] ♪ ♪ [ male ann

we saw an acquisition by warren buffett in that area. there is value there. and i think just technology also has its share of attractive companies, with good balance sheets. keep focus there. if the global economy recovers, you want to belong to those groups. energy and technology would be on my list. >> okay. >> and i guess, maria, from my end, i would answer that question geographically versus sector wise, we still like markets outside of the u.s., particularly europe and japan. simply because we think valuations there are just a lot more attractive than in the u.s. i think for u.s. based investors or u.s. focused investors, we still want to stay on the cyclical end of u.s. stocks versus the more defensive side. >> all right. we will leave it there. chris, kevin, thanks. we'll see you soon. appreciate that. have a good weekend. take a short break, and then more breaking news, back in a moment. because with power ports... and wi-fi... and in-seat entertainment, for everyone on board, now when you fly, time flies too. (flight attendant) sir, we're about to la

still, a very large trade made by warren buffett's berkshire hathaway. possibly around $3.7 billion. back over to you. >> big deal there. thank you so much, dom. the stock is up in the extended hours on this 13-f. 40.1 million shares of exxon mobil is what berkshire hathaway has now. cliff, what's your take? i know this is a large company. >> yeah. it's a large company. all i can tell you about that is if warren buffett is obviously one of the best investors we've ever seen. if he's bullish on it, there's likely reason to be bullish on it. >> we're talking about activism. but i also want to get your take on health care. because this is something that you -- you have studied a lot. you're on the board of memorial sloan ketterring. >> this is so exciting. i have been on the board for about 15 years. it's one of the best things that i do. they're doing something with ibm that's transformational. it's going to really change the way health care is delivered. ibm and memorial slope kettering having working together. our doctors having teaching the watson compu

>> sounds like the latest get rich scheme, invest like warren buffett, carl icahn and dan loeb and get rich too. crazy right? we'll show you a chart that may just change your mind coming up after the break. get paid to do somethingpled you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ but with less energy, moodiness, and a low sex drive,y first. i saw my doctor. a blood test showed it was low testosterone, not age. we talked about axiron. the only underarm low t treatment that can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of pubert

two you hear what warren buffett look that. it is simple and could save you tons. the dow was up 117 points. liz claman is next. don't go anywhere. when we made our commitment to the gu, bp had two big goals: help the gulf recor and lear from what happed so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a neweepwater well cap and a state-of-the-artmonitorins watch over all drilling tivity twenty-four-seven. and we're sharing what 've learned, so we can all produce energy more safely. our commitment has never been stronger. liz: i am liz claman. is the last hour of trading. we are also on 10. tesla shares tend% in after hours session, wall street, company hasn't promised anything but wall street has been expecting and hoping the customer will sell-off higher number of superhot model s deliveries, didn't happen. the sell-off continues and at one point even triggered a circuit breaker which kicks in when shares dropped too dramatically over shorts and of time. at the wo

there is a new index that tracks the money moves of big guys like warren buffett or daniel loeb. does it pay to follow the smart money? james: i think it pays very well to follow the smart money. that is my bread and butter. following the institutional order flow is how i base 90 percent of my trades and how i was able to put together a win rate. 30 straight winning trades following institutional paper in november. this works out. there is a reason they have all the money. it's because they're smarter than us. alan: you also have to understand this index is tracking might be getting in later than by reading the reports and finding out when they bought but not getting at the same time. they've got a lot more money. they can afford bigger losses. but trading is all about risk control probability no matter who you follow or how you trade. angie: time for your bonus round question---and it's ticker time:the holidays are all about food-glorious food-- so which of the follow are true tickers? a-yumy b- ueat c-yum d-dine e- all of the above? alan: well, i know yum--- james: all of the a

warren buffett by the way says nuclear power is uneconomical. okay. go ahead. >> so when they built fukushima, and chernobyl, when they built three mile, they said it was a one in 10,000 odds that there would be a meltdown. and now we've had three meltdowns in 35 years in three countries. would you take those odds to las vegas today? one in 10,000? >> well, so first of all, i was eight years old when three mile island happened. i don't really feel like i should be responsible for whatever claims people were making when i was a baby. there's accidents in every energy industry. it's studied really carefully by the international energy aso, world health organization, articles in lancet. ralph can speculate all he wants. the science is clear about nuclear. three serious accidents, coal when you don't have accidents when it's functioning properly kills 13,000 people a year, over 300,000 people a year. so ralph, what do you say to that? so ralph what do you say about that? what about all the coal deaths? >> the solution is massive potential here now for ene

. > >warren buffett came out and said he has a big stake in exxon. would you take that same stake? > >i would for his reasons. it's got a great dividend. it's got a good history and it has a big control in the wti market. > >what do you think about the financial sector? > >it's amazing last week, the price action. xlf in particular. it's been spending the last few months just reconsolidating, regurgutating. last thursday it made new highs and it continues to do so. so it's a good sign for the overall market. > >thank you for coming on the show. have a good trading week. > >you're welcome. the testy tone between boeing and its largest union over the building of the jet makers new 777x-- is being closely watched by labor leaders and corporate america. we turned to a labor lawyer for bird's eye his view on the negotiations. boeing machinists union rejected the company's labor contract by a 2 to 1 vote last week prompting boeing to issue a statement saying: "we are actively pursuing all of our options in regards to 777x location...we have no timeline for making a decision, but we still

buffett. and, according to a recent sec filing-- buffett's berkshire hathaway's list of top ten stocks includes banks. wells fargo is number one on the list followed by , coca-cola, ibm, american express, procter & gamble, walmart, exxon mobile, us bancorp, direct tv, and goldman sachs. ninety-five billion dollars in aircraft orders for boeing.not a bad start for the first day of the dubai air show.boeing's triple-7 x is the sought-after aircraft.but where it'll be built is the subject of our cover story. machinists in washington state rejected a boeing contract to build the triple-7 x, a more fuel-efficient update of boeing's triple-7 airliner. in a devisive vote that pitted job security versus take-aways, machinists weighed. whether having their pensions frozen and time to reach top scale extended from six-years to-16 years...was worth steady work for eight years. in a vote affecting 32-thousand workers-- they told boeing, "no deal." "it was draconian. they went for the whole magilla. they s

. >>> coming up on "cbs this morning," we'll talk stocks with warren buffett. i'm anne-marie green. this is the "cbs morning news." [ male announcer ] step one, prepare for triumph. step two, baconated cheese for awesome. step three, get ready to wow. step four... mmmmm. ♪ [ male announcer ] pillsbury crescents. make the holidays pop. [ male announcer ] when mr. clean realized the way to handle bigger, tougher messes was better leverage, he created a magic eraser with an attachable handy grip. it gives you the leverage you need to tackle tough kitchen messes and big bathroom grime, too. mr. clean's new magic eraser handy grip. and big bathroom grime, too. it's holiday time, and no fruit is as versatile as our ocean spray cranberries, which is why were declaring it the unofficial official fruit of the holidays! the fig's gonna be so bummed. [ laughs ] for holiday tips and recipes, go to oceanspray.com. >>> a surveillance camera captured the crash of a russian passenger jet on sunday. the boeing 737 looks like a dot of light in the sky over kazan. moments later, the plane plunges to

and then we learned of course that billionaire investor warren buffett has taken around a 40 million share stake in those shares. then america's second biggest oil company, chevron also up around 7% in that same time. now, overall, large integrated oil companies have had been a new focal point for investors. even the energy sector spider ticker xle on a stealth rally. now all of this of course despite a drop in oil prices. so the real question, melissa, what are investors seeing in those big oil companies? back over to you. >> thank you, dom. if you missed out on some of the rally here, large oil names and exxon in particular a good way to play catch-up. carter and dan have their pens drawn at the super power plasma. sounds dangerous. but carter, kick it off. >> sure. let's look at some charts. so what's important of course, energy is the worst performing sector off the lows of this bull market. meaning real underperformer. that's what we think the opportunity is for the group and for exxon in particular. take a look at this chart, this is the s & p 500 energy chart. and it's a well

. ♪ >>> welcome back to options action, let's get you right to the headline numbers for warren buffett's berkshire hathaway operating earnings coming in at $2,228 per share. that's short of wall street estimates for about $2400 a share. but those sales, the revenues better at $46.5 billion versus estimates for 44.5 billion. book value, this is an interesting number, it came in $126,000. buffet himself said in the past that berkshire would buy back its own shares at up to 120% of book value. that implies a possible imaginary floor for the stock. melissa for about $152,000. back to you. >> thank you very much. despite berkshire results, traders say a warning sign lurking for financials in the market as a whole, dan and carter breaking it down only as they can at the plasma. both of them standing there. this is a historic moment by the way for options action. carter, kick us off. >> sure. i mean, the reality is financials, the biggest part of the market in terms of import, and second biggest weight. they don't act well. here is just stats that back that up. if you look at the one week perfo

warren buffett's berkshire hathaway revealed a $3 billion stake in exxon. berkshire bought 40 million shares and exxon is the world's largest publicly traded oil company and it had been up 7% and now it's up another 1 is% this morning. now let's get to capitol hill where marsha blackburn is with us from tennessee. the fred upton bill goes up for vote today. can you give me an estimate of how many democrats would vote for it? we heard rich edson say 35, which adds up to a sizable democrat revolt. what say you? >> yes, yes, it does. i think that you're looking at 25 to 35. it's a number of democrats who are going to cross and vote for the bill. i mean, they're hearing from their constituents, like all the rest of us are. people are livid with the way this rollout transpired. stuart: is this fred upton bill, in my opinion, guts obamacare because it would take a whole lot of people out of the exchange system, that would mean far fewer people in the exchange insurance pools and that's not good for obamacare. i mean, that's my reading of it and yet, you've got 25

warren buffett and michigan governor rick snyder. "morning joe" back in a moment. [ male announcer ] if you stash tissues like a squirrel stashes nuts, you may be muddling through allergies. try zyrtec® liquid gels. nothing starts working faster than zyrtec® at relieving your allergy symptoms for 24 hours. zyrtec®. love the air. at relieving your allergy symptoms for 24 hours. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. medicare open enrollment. of year again. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. open enrollment ends december 7th. so now's the time.

buffett did something very similar when he bought the burlington northern route he if you think about that transaction he dumped paper currency and bought a river which is nothing but hard assets it's a land where all rolling stock switches you. roads make money by moving other hard assets like coal corn wheat steel etc so that said warren buffet was getting out of paper money into hard assets when he bought the railroad maybe you know we all can't afford to buy an entire row but we can buy some some gold it's like our ravinia believe he was the one who said you know if everything really really turns south by spam you can actually sell any spam you can eat gold so it just depends on what's necessary at the time but my next question is now a form of bush treasury official. he said that maintaining the dollar is a world reserve currency is a quote national security issue what do you see the u.s. government doing if it looks like the dollar's reserve currency status is actually challenged. well by the way coming back to her being he was also the one running around for three years saying