Fox Business' Liz Claman on her chat with Warren Buffett

Good morning welcome back markets down I don't even. An update now let's not let it looks let's spread the bad news. It's one of those things you I've noticed when the market corrected goes down in and it tends to recover. In the last hour show but right now the the Dow at least is -- five point Hayward joined by Liz claimant from the Fox Business Network list Daria -- welcome to the show. Well not only do we market that down but -- Bruins are -- -- But Mike -- my -- to Angela king then maybe my -- -- He the Rangers they -- they're still live there there's the total. They how how is Omaha treat you out in the are you an all out in Omaha. Yup we Iraq yesterday along with what 38000. Other people who are here to attend -- -- -- annual shareholder meeting of Berkshire Hathaway and and the job number that we got which was weaker than -- Expected yeah. Kind of changes that the discussion a little bit because you know he owns. Some 79 businesses or so including dairy queen. The pampered show up -- -- up an entire railroad Burlington northern a lot of housing related stock PM. -- -- carpet -- -- whole company to report of carpet maker very closely tied to the residential housing market so when you get a number like there. -- -- houses attitude is is is it have you talked to him since last night. Good question I ran into him last night and elect. Talk and basically I don't I know I would I given the opportunity I would do the same thing. Thought that that caught up with them in a parking lot of it -- -- it was playing for him as he always does the night before shareholder meeting. I happen all the requested by about the economy but what. But it it it is. Looking worth it compared to the previous spot on which started to look better but. We're still growing there it would growth trajectory. We talked about President Obama said he would win if the election were held today but if these numbers continue to get. He's got a problem -- -- well -- into the political in Europe at all though aren't finding. What do you think is he gonna buy anything -- do you think you have any blockbuster announcements this weekend where he says hey you know we're gonna. To that we -- or we just bought an airliner something like I I just I wonder the sometimes at these meetings he comes out with some pretty. Begin right it's now. But he looked -- come out of the meeting an attempt to fix them now that you look what comes out at the meetings with. Nugget of investing wisdom I mean really what about the faithful flock here because he's arguably the most successful investor part time. Look I -- do -- get out and last night which -- -- significant he has never bought a tech stock until. Just about half a year ago where he purchased ten billion in the IBM stock. And he purchased in helped stocks fell after 45 years of investing or what have you yup finally couldn't get the hell would I give an element that. Cool looking at what that can be kept hired two investment managers struggle at McLaren dot com and I thought for sure that got -- -- hedge fund guy. That was all me I didn't even tell Charlie Munger my longtime partner in -- bit different picture Berkshire he didn't even tell -- talk what was going on that it was all. Do you think IBM -- Pickens now. Do you think he is gonna disclose who the successor is this weekend do you think we might get beaten may be on Sunday where he says -- I at this young guy that I hired five years ago and and he's my heir apparent or do you keep it secret. You'd just touched upon what will be possibly the number one issue at this meeting there's always a big topic. Not fit especially since he'd just get close bury it. He has stayed on the prospect and -- that he probably 5 o'clock last night about it completely fun -- treatment starting in July but. You now have the AFL CIO which -- huge fund for pensioners. Saying way to midway island. Hold on you've got to name a CEO successor this isn't fear we have to decide we wanna continue to hold the stock. Which whatever game you're kicking and it will be your proposal on the floor. -- ask them what you think about you and quipped. Well I can over the next president via LP I know it but they're not revealing that -- -- -- to and get -- to do -- you wanna do. Thought we got back out of them went that picture things through. You gotta love this guy doesn't agree. He's he's fast on its feet. -- about what is the 81 years old. 81 year open and backed up -- asking about about. Stimulus in the economy and to defend it can actually have a high high praise for Ben Bernanke pretty quick look at eventually bring upon inflation and the need for something like. All that money -- stimulus into the system the -- like venereal disease. You know in the short term what you'd get together is is it's got -- but in the long term. Pain in a lot. Classic 81 year old -- often you'll hear a lot of that. He just he just doesn't care outlet let me ask you a tough question is when you're walking across the parking lot with and could he keep up -- -- He's such a fast walker into the back we have -- arms Brooks running chute which is the number one or two special treat running shoe company. The Berkshire of that. They're coming out there's always Trotsky at at these events that everybody wants to buy they're coming out with the process. Running shoe and it's got his caricature with and it will be showing -- that -- on Fox Business actually tickets that were the CEO of Brooks but. Key charges across the exhibition floor -- It is hard to keep up with them so you know I do I always Wear flat I don't do the high heel but you got that doesn't work you don't run to keep up with one -- -- -- literally do. But you know I I looked at him last night the kind of looking for -- is there anything different you'll only a little bit thinner but he's older but he's. Mine is is quite sharp and. Quite controversial with the -- but world that he proposed about millionaires. Take 30% tax rate they aren't already checked when most of them -- means little bit of an overstatement there but. If she keeps thinking he's moving his grip and I -- what you would -- extra -- up. And he said -- it was a stretch it up for me to buy idea that fight by habit by FaceBook dot I need to check up with my doctor first so that adults. So I guess he's not going in on the IPO in a couple weeks. You know he will not be -- what he told me last night. I will list thanks for your time and enjoy the rest your weekend out there. Help Boston accent hello -- great memories from WH DH in my years there. All right and I Willis thanks you're time that's -- played good. You remember -- yeah I do absolutely over at the HD -- great.