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Report about matters relating to mr. Trump, his associates or russias attempt to meddle in the election . Melissa more on what yates knew about former National Security adviser Michael Flynn and any connections to Russian Election interference. What warnings she gave to the trump administration, who leaked it all to the media . Were going to take you to that throughout the hour. The other big story in washington, the Senate Taking up the Health Care Reform bill, louisiana senator john kennedy, if theres truth to any that they may tear up the house bill and start from scratch . Senator kennedy also in the yates hearing right now, were going to talk to him about that. David and we are going to be monitoring the hearing throughout the hour, bringing you highlights from it. When events warrant. Back to the markets, lori rothman on the floor of the stock exchange. Quickly, lori . Reporter lot of action, let me begin in the tv industry, local tv station owner sinclair buying tribune, total station for the companies, 215 all around the country including the three largest markets to give the combined company a little more leverage when it comes to negotiating for content for the tv stations and more clout. Local advertisers. Comcast and charter, this isnt exactly a deal, more agreement obviously the two biggest cable companies, they want a stake in the highly lucrative wireless industry. They have greed. One decides to make it big for tmobile or sprint or verizon that they will tell the other company first, so that agreement will last for one year. So as not toe left behin coach is buying kate spade, the slowing hand bag industry hoping this partnership will give a shot in the arm to the industry. 2. 4 billion deal, that is the value there. And i want to show you apple. Apple shares were up today. Look at final price, hopefully see that quickly. Up 2. 75 of one percent. No company has breached the 800 billion market. Apple did that. Warren buffett revealed his stake in the tech giant, and, of course, a chinese Economic Daily blog reported we will see the new version of the iphone in september to be released in october. Back to you. David thank you very much. Melissa . Melissa liz claman sat down with Warren Buffett moments ago and reveals what he thinks the biggest risk to the stock market is. A public that gets overexcited about stocks at some point becomes the biggest risk to the stock market. Liz do you see that now . I dont think so. You never know when its going to happen. You know it will happen periodically, except it isnt periodically exactly, radically is the word. It will happen. It will happen. Melissa dan heninger of the wall street journal is here, steve cortes, former Trump Campaign adviser, dan, what did you think of what you just heard . Well, i was fascinated by it. God knows im going to defer to Warren Buffett. He says were not yet overexcited about stocks, looks as though were excited about the stocks for the last two or three years. I dont know how much more excitement is left in the market. Melissa yeah, steve, what do you think . I think frankly there is more excitement left if we can grow the way were supposed to. Whats been missing from the American Economy is productity growth. What we have n seen in the century, in the 2000s is the productivity growth in the 1980s and 90s. The reason is we havent seen enough capex spending, investing in people, plants, technology, the tax proposals that President Trump has put forward can excite that investment and that kind of growth. I think the stock market is properly pricing that in. Melissa gentlemen, thank you, breaking news, former acting attorney general sally yates testifying before the Senate Subcommittee investigating russian interference in the president ial election. Senator ted cruz is asking the questions, lets listen. You also testified you are not aware of any intercepted communications of any president ial candidates or campaigns other than the Trump Campaign thats been discussed here, is that correct . Yes, but thats to my knowledge, but, you know, prior administrations, prior campaigns wouldnt have been visible to me, so i cant say. But in 2016, youre not aware of any other campaigns or candidates . No. And ms. Yates, same question to you. Im not aware of any interceptions of the Trump Campaign. Are and you aware of any intercepted communications of any other candidates or campaigns . No. Okay, because earlier when chairman graham asked you, that i thought you declined to answer. Perhaps i misunderstood. And i may have misunderstood the question. I thought the question i declined to answer is a different one that. Th glad i got to clear it up. You have no information of interceptions of the Bernie Sanders campaign, the Hillary Clinton campaign or any other candidate or campaigns . No. Okay. Lets revisit the topic, ms. Yates that and you senator cornyn were talking about. Okay. Is it correct that the constitution vests the executive authority in the president . Yes. And if an attorney general disagrees with a policy decision of the president , a policy decision that is lawful, does the attorney general have the authority to direct the department of justice to defy the president s order . I dont know whether the attorney general has the authority to do that or not, but i dont think it would be a good idea, and thats not what i did in this case. Well, are you familiar with 8usc section 1182. Not off the top of my head, no. The binding Statutory Authority for the executive heard that you refused to implement and that led to your termination, it is a relevant and not a terribly obscure statute. By the express text of the statute it says whenever the president finds class of aliens into the United States would be detrimental to the interests of the United States, he may by proclamation and such period as he shall deem necessary suspend the entry of all aliens or class of aliens as immigrants or nonimmigrants or impose on the entrance of aliens any restrictions he may deem appropriate. Would you agree that is broad statutorythization . I am, i am familiar with additional provision which says no person shall receive preference and issuance of visa because of race, nationality or place of birth. They believe was promulgated after the statute that you just quoted, and thats been part of the discussion with the courts with respect to the ima is whether this more specific statute trumps the first one that you described. My concern was not an ina concern, it was a constitutional concern, whether or not the executive order here violated the constitution specifically with the establishment clause and equal protection and due process. There is no doubt the arguments you laid out are arguments we can expect litigants to bring, partisan litigants who disagree with the partisan decision of the policy of the president. I would note on january 27th, 2017, the department of justice issued a determination by the office of Legal Counsel that the executive order and ill quote from the opinion, the proposed order is approved with respect to form and legality. Thats a determination from llc that it was legal, three days later you determined using your own words that although olc opined on legality it had not addressed whether it was, quote, wise or just. I also in the same directive senator said i was not convinced it was lawful. I also made the point that the office of olc looks purely at the face of the document, and again, makes a determination whether there is a set of circumstances under which some portion of that eo would be enforceable, would be lawful. They importantly do not look outside the face of the document, and in this particular instance, particularly where we were talking about a fundamental issue of religious freedom, not the interpretation of some arcane statute, but religious freedom, it was appropriate for us to look at the intent behind the president s action from the intent laid out in his statement. A final and brief question. In the over 200 years of the department of justice history, are you aware of any instance in which the department of justice has formally approved the legality of a policy and three days later, the attorney general has directed the department not to follow that policy and defy that policy . Im not, but also not aware of the situation where the office of Legal Counsel was advised not to tell the attorney general about it until after it was over. Thank you, ms. Yates. I would note that might be the se if theres reason to suspect partisanship. Senator . Thank you. I want to thank you very much for your service, ms. Yates. From beginning to end, your distinguished career as a prosecutor, and i was putting this timetable together, and i realize that your second meeting when you went to the white house to warn them of general flynns lying and his connections with russia, was the same day that the refugee order came out and the same day that you had to leave the Justice Department. So when did you meet with the white House Counsel on that day . I met with white House Counsel, best i can recall about 3 00 in the afternoon on the 30th. And during that meeting, did they mention anyone mention that the refugee order was about to come out . No. Did the acting attorney general of the United States. That was one thing that was concern to us not only was Department Leadership not consulted here, and beyond Department Leadership, really the subject matter experts. The National Security experts. Not only was the department not consulted, we werent told about it. I learned about this from media reports. So you learned about it after the meeting at the white House Counsel from the media . Right. Then its true that during your hearing, then senator sessions, now the attorney general, actually asked you if the views the president wants to execute are unlawful, should the attorney general or Deputy Attorney general say no, and what did you say . And i said yes, the attorney general should. Okay, and then moving forward here, as was mentioned by senator then, this order was after a lawsuit from the state of washington and minnesota, the court basically challenged the constitutionality of the order, the order is not taking effect, but what i want to get to right now is the fact that the administration then ew its appeal of the court ruling blocking implementation of the same order, and then they changethe order that you would not implement. Right, and there were a number of important distinctions between travel ban one and travel ban two. At the time i had to make my decision, for example, the executive order still apply to green card holders. Lawful permanent residents and those who had visas. A number of other distinctions as well. Let me say one thing thank you, i want to get onto, but go ahead, quickly. Look, i understand that people of good will and who are are good folks can make different decisions about this. I understand that, but all i can say is that i did my job the best way i knew how. I looked at the eu, followed the law, talked with the folks at the department of justice, gathered them all to get their views and input, and i did my job. Okay, i appreciate that. Lets go to russia. December 29, this is the date that actually senator graham and i were with senator mccain hearing about russian interference, meeting with leaders in the baltics, georgia and ukraine, this is a date the president expanded the sanctions against russia and this is the date that Michael Flynn reportedly talked to the russians, perhaps several times about sanctions. He then went onto not tell the truth to the Vice President , and one of the white house officials has described the notification that you provided warning them of this as a headsup, how would you describe a headsup . Well, at the risk of trying to characterize, we were there trying to tell the white house about something we were very concerned about and emphasize to them repeatedly so they could take objection. It was much more formal than hey, this isappening . Michael ynn did not resign his position as National Security adviser until february 13th, that is 18 days after you went over there with the formal warning, and in particular, after they knew about this on january 28th, flynn was allowed to join President Trump on an hourlong telephone call with russian president vladimir putin. Do you have any doubt that the information that you conveyed to the white house on january 26 should have been made clear that flynn had been potentially compromised by russia . That this information was clear . Well, the purpose in our telling them, again, was so they could act and convey that information. So i would hope that they did. If a highranking National Security official is caught on tape with a foreign official saying one thing in private and then caught in public saying another thing to the Vice President , is that material for blackmail . Certainly. Do you want to add anything to that, director clapper . No. Okay. [laughter] think its pretty clear and clear why weve had this hearing today. I wanted to ask you, director clapper, a few things in general, the russian influence. When director comey was here last week, he said i think that one of the lessons that the russians may have drawn from this, hes talking about the election influence is that this works. Those were ceys words. Doou agree . Absolutely, and as i said in my statement, the russians have to be celebrating the success of what for what they set out to do with rather minimal resource expenditure, and the first objective is to sow discord and distension, which they certainly did. Looking into the hacking and the dnc and podesta, we had the fake news propaganda, i believe its 200 million is that all they spent in the scheme of things . If that, which doesnt include the Government Support to subsidies to rt. How does rt work . Rt is a propaganda mouthpiece for the government, since the funding comes from the government, the management is close to putin, so its as i say, a governmental russian governmental mouthpiece. Ms. Yates, im asking in your capacity as former attorney general and Deputy Attorney general, id ask this of director comey about the use of shell corporations, 50 of real estate deals over 5 million are done with shell corporations. Were trying to push so the Treasury Department puts more tranparencies, this is something the European Countries are working on right now, and im very concerned this is another vehicle where money is launderred. Im concerned about loopholes in our Campaign Finance laws as well. But could you address this just from your experience as a criminal prosecutor . Sure, those are all valid concerns. Were actually lag behind other countries in the world and dont want to become a haven where can you have shell corporations used for nefarious purposes that can have National Security implications as well as criminal implications. Director clapper, do you want to add anything to that . Again, this is why i believe independent commission in addition to the great work done by this subcommittee and the Senate Intelligence committee, which is so important, as well as the investigation, an independent commission would allow a panel of experts to go into the next election, go into 2020, where director comey had said, i expect to see them back in 2018, and especially 2020. Those are his words. Do you agree with that . Director . Absolutely. That is why an independent commission would allow us to come up with ideas how we can stop this again. Whether it is how the media handles these things, campaigns handle these things, how intelligence agencies when they find out, handle these things, because we cannot allow Foreign Countries to influence our democracies. Do you agree, director clapper . I certainly do, and i understand how critical leaks are and unmasking and all these ancillary issues, but to me, the transcended issue here is the russian interference in our election process, and what that means to the erosion of the fundamental fabric of our democracy, and that to me is a huge deal, and theyre going to continue to do it and why not . It proved successful. Thank you. Until they pay a price. I hope which they will soon pay. Senator . Thank you, mr. Chairman. Thank you for being here, director clapper, how likely do you think it is Foreign Intelligence Services are trying to compromise congressional i. T. Systems . I think congressional i. T. Systems are a target and have been and certainly i saw examples of that during my time as dni, and this is one case where we expeditiously informed the congress when we saw evidence of that, and again, thats not just russians, there are others doing the same thing. And what intel value it would provide to them . Well, depending on the nature of the material, it would be quite sensitive. Hard to make a general statement about it, but just as a general rule, it could be quite damaging. Could you talk a little bit about the relationship between that particular intel gathering on the legislators and propaganda campaigns such as you say russia, ive heard you testify in other places about russias activity among their near neighbors. Whats the relationship between propaganda and direct intel gathering . You mean on the part of the russians . Yeah, or neighbors. They would certainly use that as they have, and the examples of that in places like georgia and the baltics where they will turn evidence or what theyve gathered and used that as leverage or if they can to use compra matta, compromised material or contrived, all other things they can do if they gather information like that. One of the unhelpful ways we talked about this issue in the present context in d. C. s polarized context, its almost always retrospective about our election in 2016 so it devolves into shirts and skins exercise about which candidate you allegedly supported. Director comey said he expects the russians to be back in 2018 and back with a vengeance in 2020. I think would be helpful for the American People to understand what russia does among its near neighbors now. Could you explain how that impacts . Many ways, particularly the countries in the former soviet orbit which they still feel shall i say paternal about. Places like moldova or the baltics, georgia, they are very aggressive in using all the multitude of tools on the checklist, wherever they can, however they can, to influence the outcome of elections towards candidates for whatever office who they think will be more pliant with them and, of course, whats knew and different here is that aggressiveness is spreading into western europe. As weve seen, i believe, in france and will in germany, and thei relatives in their minds success at doing this is the force. All the tools available to them, active propaganda, financing, candidates sympathetic to their cause, trolls, hacking, revelations of confidential emails. Whatever it is. Theyll use that fairley well. Could you give us sense without revealing classified information, the magnitude of Financial Investment in the efforts. If youre a near neighbor of russia and have army, navy, air force, marines and might have Intel Community and a little bit of sort of intel ops, info ops campaign going, what is the russian investment . I cant give you a figure. I will say that, in comparison to a classical military expenditures, its a bargain for them and, of course, what theyre looking for, particularly in europe, is so dissention of split unity and, of course, end sanctions, and if they can drive wedges between and among the european nations and particularly by manipulating and influencing elections, theyre going to do it. Director, do you stand by the i. C. s assessment that wikileaks is a known propaganda platform for russia . Absolutely. And i am in agreement with director pompeos assessment. If thats the case, youre saying Julian Assange is not a journalist . Youre asking the wrong guy a question like that. Absolutely not. Reasonable people in the american debate are worried when they hear people in the i. C. Talk about something that sounds like its just information. Im obviously highly skeptical of mr. Assange and pushing the Justice Department to ask why we have not taken steps to prosecute him for particular crimes that endangered american intelligence assets, but across the continuum of journalists who are legitimate journalists who are trying to get information to help the American People under our First Amendment be fully informed about the operations of their government, there are people in the Journalistic Community who will lean on i. C. Resources to say we want to know all that youre able to tell us, and the burden is on the intelligence official not to leak classified information, the burden is not on the journalist not ask hard questions. Useful for the American People to hear you explain why is assange something other than an american journalist asking hard questions . Well, i think, and theres obviously judgment here, and when a journalist does harm to the country, harms our National Security, compromises sensitive sources and methods and trade craft, and puts the country deliberately puts the country in jeopardy, i think thats the line is crossed. Thats a red line to use a phrase they think is unacceptable. Have any unauthorized disclosures from assange and wikileaks directly endangered americans and american interests . In the past, yes, absolutely. Thank you, i wanted to ask you a couple of questions but im almost at my time. Ill limit it to one. Could you please explain the bureaucratic process which political appointees could be brought to the attorney general. Give us a few steps how that would happen. When you say concerning information trying to elicit an answer you from that doesnt require to you say related to flynn particularly, you cant disclose how it happened. I think it would be useful for the public to understand more generally how information about a political appointees would be brought to the attorney general from the fbi and other aspects of the Intelligence Community . Generally, if we discovered information, lets say Investigative Agency like fbi discovered information about a political appoine, they would get in contact with the relevant division ever the department of justice that would have jurisdiction over it, whether its the criminal division, the National Security division, whatever it might be, they would report that information there, and depending on the seriousness of that information, it would probably make its way to me when i was Deputy Attorney general or then acting attorney general. Thank you. Thank you, senator graham. You are watching the Senate Committee looking into russian interference into our election, the last election, lot of back and forth about the extent to which the russians were involved and tried to put out bad information, particularly on the candidate Hillary Clinton, although there is information now that they were involved in coming out with that dossier which had very critical information, unclear how much of it, if any of it was true about, donald trump. But lets get a little more insight what weve been hearing with a former cia field operator in russia. And scott, the first thing that happened where democrats came out like gangbusters suggesting there was some kind of collusion between russia and the trump administration, and again, we heard from jim clapper, who was the head of intel, he was the intel director for the United States for many years, he said there is absolutely no connection, no evidence of collusion. He said the cia looked into it, the fbi looked io itthe nsa looked into it, and the i, which he was the head. So how many times do you have to ask a question for which there has been a clear answer . Exactly. This turns out to be much ado about nothing, again. The democrats are are basically hiding behind top secret classification to allege general flynn was involved in some activities when it turns out listening to the testimony, it seems to be basically he perhaps lied, and indicates he was dismissed for loss of confidence, and that seems legitimate. However, any allegations that he was doing something more clandestine with the russian says obviously baseless. David general flynn is only part of the hearings interest right now, it is interesting that the point that donald trump in fact made in a tweet that general flynn and the incident which caused a lot of questions about general flynn was when he appeared in front of russian tv, that was in 2015, and after that, the Obama Administration gave him clearance, and about that, donald trump wrote general flynn, if we can go back to the tweet, put the tweet on the screen so why, in fact, if the Obama Administration had information about his visit to Russian Television which is a propaganda arm of the putin administration, why didnt they refuse to give him clearance . Right, probably because there was nothing there actually for them to cause them to dismiss his security clearance. Exactly. There is nothing there. And even ms. Yates was also hiding behind the secret inatn. She was very happy to discuss her actions, her fears of russian blackmail in alerting the white house and the Vice President , but shes strike her own actions and none of those of general flynn, and again, because i believe general flynn did nothing untoward except perhaps exercise bad judgment. But there is nothing sinister or clandestine here. David the one thing that is sinister is somebody was leaking information about some of the unmaskings which may or may not be legitimate, the unmaskings themselves, but certainly leaking is not legitimate, its not legal. Certainly. Closer to understanding who was involved . And, of course, susan requires, who was the former nsa director will not testify about her role perhaps because shes afraid to answer the question. Thats exactly right. She is the dog that didnt bark, thats right. Im very suspicious of her reluctance to offer any testimony at this point. I think shes the key because there was a lot of abuse going on as far as unmasking of individuals. Both dni clapper and ms. Yates both stated they had read intercepts which featured unmasked americans, in this case, President Trump and some of his associates. At the same time, they admitted they never targeted either campaign, but they did see a lot of there were a lot of wholesale unmaskings, i believe, under the Obama Administration that seem rather suspicious to me. David we should mention, by the way, both James Clapper and sally yates said under oath and they were sworn in for the testimony, said under oath they did not leak any information or authorize anybody else to leak information about who was unmasked. They did say that. Of course, again, we have not heard from susan rice, who would not come before the committee. Scott, thank you very much. Appreciate it. Melissa . Melissa the white house sounding the alarm obamacare is on its last legs, wait until you hear who one of the authors of obamacare is blaming . Think your Large Cap Equity Fund has exposure to Energy Infrastructure mlps . Think again. s time to shake up your lineup. The alerian mlp etf can diversify your equity portfolio and add potential income. Bring amlp into the game. Before investing, consider the Funds Investment objectives, risks, charges, and expenses. Read the prospectus carefully at alpsfunds. Com amlp i needed something more to help control my type 2 diabetes. My a1c wasnt were it needed to be. So i liked when my doctor told me that i may reach my blood sugar and a1c goals by activating whats within me with onceweekly trulicity. Trulicity is not insulin. It helps activate my body to do what its suppose to do, release its own insulin. I take it once a week, and it works 24 7. It comes in an easytouse pen and i may even lose a little weight. 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Our own blake burman is standing by at white house with details. The big question is whether the senate is going to rip up what they have from the house and start all over or tweek what they have . Reporter it appears that the time, david, that the senate might indeed do that. Go about it their own way and write their own bill and go to conference with the house and hash things out. There was a little warning to that end from the Senate Majority lder Mitch Mcconnell on this day, saying it will not be quick or simple or easy, but mcconnell saying it must be done. Earlier today on mornings with maria the number two in the house, Kevin Mccarthy is fine with republican senators doing their own thing. I have no problems if they write their own bill. If it took the house passing a bill for them moving on a bill, i thank them for that. More people are losing health care, premiums are continuing to rise. Reporter for the first time we heard from former president obama about the Health Care Law that bears his name. The president gave a speech last night and talked about courage, suggesting that lawmaker should have the courage to uphold the law and not deal with as he put it, political expediency. I hope that current members of congress recall that it actually doesnt take a lot of courage to aid those who are already powerful. Already comfortable. Already influential. But it does require courage to champion the vulnerable and the sick and the infirm. Reporter david, over the weekend, President Trump sent out a tweet saying that republicans in the senate will not let the American People down, as he put it, he described obamacare as a lie and being dead and that is the line coming up and down from the trump administration. David something about the word courage and politicians that dont necessarily mix. Just doesnt sound right. Blake burman, good to see you. Melissa . Melissa the obamacare blame game. Co architect Jonathan Gruber pointing the finger at President Trump for health cares rising costs. Whose fault is this . Before President Trump was elected, no counties in america that did not have an insurer. You have a president undercuts open enrollment, doesnt honor the obligations this law makes to insure, premiums are going up and insurers are exiting. Melissa here is former Trump Campaign cochair, and jessica tarlov, a fox news contributor. Joe, i mean, we did so many stories in the runup to the election. In that time period. Arizona price increased 116 . Tennessee 63 . Oakland, i can go on and on. Major insurance carriers, three of the five of them went on Conference Calls to shareholders before the election and said they were exiting obamacare because they were losing money. How do you blame that on donald trump . He hadnt been elected yet. Look, i dont know if mr. Gruber was awake in 2016, the collapse of obamacare was a thing on. Election day itself, 17 of 23 obamacare coop exchanges had gone bankrupt or out of business. This was a problem going into the election, and you know, look, donald trump isnt to blame for obamacares failure but obamacares failure is partially to blame for the election of donald trump. Thats a tough pill to swallow for the democrats and you see theyre reacting like a petulant child for that which he created. Melissa jessica, we saw that one of the people wanted a change, and were looking at donald trump, they were so worried about the skyrocketing costs of health care and the huge deductibles . Absolutely, it was a critical issue that helped propel donald trump to the presidency. I wouldnt say of course that the overall cost of health care is down from the decade before that, but i understand completely. What i would say actually the blame should be placed squarely on the shoulders of republicans and democrats who havent worked together to fix the issues of obamacare, to talk about Real Solutions to repair this plan. I dont know whats going to happen in terms of democrat support for, it im very tied to supporting the legacy of president obama, but making mod fications and working together on them could help out americans who voted for both parties. Melissa joe, i dont know who in the universes health care is cheaper than it was ten years ago. Id like to meet that person. Do you think both sides can come together . Whether you call it repeal and replace, or fix, do you think anybody could come together and solve the problem thats hurting all americans . Look, i hope so. If 2020 rolls around, when it does, donald trump will have to answer for the Republicans Health plan he put forward. And you are right, this is an issue that the Republican Senate and democrats need to work together. A lot tighter of a vote in the senate than the house, we have no choice but to be bipartisan. Melissa i have to be fair, jessica, real quick. Bipartisan hopeful, donald trump will have a lot to answer for, including what comes out of the house and the senate. He was the guy who said it first, basically, were going to have single payer, no one left on the street. Make sure everyone is taken care of. Id love for him to keep the promise. Melissa thank you. Thanks, melissa. David we are continuing to monitor the russian hearings in the senate. The richest minds is on our mind as well. Liz claman sitting down with the men behind Berkshire Hathaway, what Warren Buffett and bill gates told her about President Trump and the economy. Thats coming up next. Online u. S. Equity trades. You realize the smartest investing idea, isnt just what you invest in, but who you invest with. Listen up, heart disease. you too, unnecessary er visits. And hey, unmanaged depression, dont get too comfortable. Were talking to you, cost inefficiencies and data without insights. And fragmented care stop getting in the way of patient recovery and pay attention. Every single one of you is on our list. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. David we are still monitoring these hearings on capitol hill. Nator trick leahy from vermont is doing the questioning right now. That, of course, is sally yates, former acting attorney general, James Clapper is on as well with her, the fermer head of intelligence for the United States. There is senator leahy. Clapper denying he leaked any classified information to the media. Sally yates saying the same thing. Melissa . Melissa extremely wealthy and brilliant trio. Liz claman just sat down with Warren Buffett, bill gates and Charlie Munger following Berkshire Hathaways board of directors meeting, she live with us from omaha, nebraska. Liz, whats it like this time . Liz my goodness, i have to tell you, they have not lost a beat, rather amazing, Warren Buffett is 86 years old. Charlie munger 93. He has the fight in him. Boy does he think the Health Care System is a complete and utter mess. He thinks Neither Party has it right. He thinks were heading for single payer. Warren completely agreed is feels it is just too costly, but we dont know what to do to bend the cost curve, thats for sure. In the meantime, we spoke to all of them about the economy and about the tax plan and then we asked each one of them, if you had ten minutes alone with President Trump in the oval office and you had one key thing you wanted to tell him that you feel would really spur growth and help the administrations policies do that, heres what they said. I need to know what you would say to him that would help the policies that would spur growth. I dont know whether it would help policies, i would say the same thing to him the same as any other president. Their most important job is to protect us from weapons of mass destruction, and i just and theyre the most important person in the world to put the emphasis on that. Liz charlie . Im a great admirer of the trump change of mind of china and making an ally out of china instead of screaming about their trade. Im a big admirer of trump when he changes his mind constructively. And i ink ll do lotore of it, but thats a good thing. Liz bill . 20 seconds. Weve got to invest in the future, whether its research or making sure pandemics dont come get us or helping other countries. Liz Warren Buffett told me hes expecting the numbers, he never gets a precise number but expects around 40,000 people, shareholders alike, will have come to this years Berkshire Hathaway annual shareholder meeting. A big question, and you and i talked about, this how long does this go on . Warren buffett told us because they just came out of the board meeting, that his successor could very well, and hes never said this before, take over while warren is still alive. He used to say, melissa, youd have to take me out in a hearse and then they can take over. Now hes saying, maybe a little transition and he said it could very well happen. Melissa thats big news, liz, thank you. Good stuff. Liz youre welcome. David when we come back, the war on cops. Why Law Enforcement officials believe antipolice hostility is now costing blue lives. Next Heather Macdonald is here to sound off. Dear predictable, theres no other way to say this. Its over. Ive found a permanent escape from monotony. Together, we are perfectly balanced, our senses awake, our hearts racing as one. I know this is sudden, but they say if you love something. Set it free. See you around, giulia predictable. The comfort in knowing where things are headed. Because as we live longer. And markets continue to rise and fall. Predictable is one thing you need in retirement to help protect what youve earned and ensure it lasts. Introducing brighthouse financial. A new company established by metlife to specialize in annuities life insurance. Talk to your advisor about a brighter financial future. Did you know slow internet can actually holdyour bus . Say goodbye to slow downloads, slow backups, slow everything. Comcast business offers blazing fast and reliable internet thats over 6 times faster than slow internet from the phone company. Say hello to internet speeds up to 250 mbps. And add phone and tv for only 34. 90 more a month. Call today. Comcast business. Built for business. The shlike a bald penguin. How do i look . [ laughing ] show me the Billboard Music awards. Show me top artist. Show me the top hot 100 artist. They give awards for being hot and 100 years old . Well take 2 [ laughing ] xfinity x1 gives you exclusive access to the best of the Billboard Music awards just by using your voice. The Billboard Music awards. Sunday, may 21st eight seven central only on abc. Melissa we are still monitongs hearing on capitol hill. Senator al franken from minnesota presng jam clapper and sally yates about alleged russian interference in the election. David . David as soon as we get highlights well play it for you. Fbi report issued last week confirming something our next guest has been warning about for years, that a war on cops by organizations like black lives matter is endangering police and civilian lives by making it far more difficult for police to conduct proactive policies to prevent crime. Here with me is Heather Macdonald and author of the book, the war on cops. People are taking the war on cops seriously. Theyve always known about it but now have definitive proof its costing people lives . Actually fbi director james comey gave a fabulous speech in october of 2015 speaking about the chill wind blowing through Law Enforcement and he heard the same thing ive been hearing from cops for the last two years, when they get out of cars now in highcrime areas to make a pedestrian stop, to investigate suspicious behavior, theyre routinely surrounded by hostile, jeering crowds, cursing, sometimes throwing things at them, that has an effect on police behavior. David before we go there, it has effect on the behavior of criminals. Two cop killers in particular were cited in the study having been egged on. They admitted it was the black lives matter movement, that is what stirred them onto kill the cops that they did . This Country Living under a false and dangerous narrative. That holds that policing is systemically racist and living in an epidemic of biased black males, none of that is true. We shouldnt be surprised when people take the claim to matter and believe theyre justified to kill cops. Last year there was a 53 increase of gun murders of police officers, and more importantly or as important, black lives are taken by the hundreds because cops are backing off having been told theyre racist for engaging in the essential proactive policing that prevents crime. David lets talk about, that the few these had real success against criminal behavior, in new york, where murder rate went from 2200 a year to 400 a year. In los angeles, bratton the helped the situation here, have you places like baltimore, have you places like chicago, where its totally out of control, why arent they using the methods that work . Well, because the political environment doesnt allow them to do so. Pedestrian stops in chicago dropped 82 . There were 4300 people shot. One person every two hours, overwhelmingly black. The cops shot 21 people, thats. 5 of the total. If the black lives matter narrative were correct, you would think the cops have been shooting a lot of people. Thats a lot of victims. No. Its criminals shooting the innocent. David so the people, the politicians, the mayors of these towns that are handcuffing proactive policing, they are the ones that are really responsible for the increase in crime in these places . Well, of course, theyve got to tell the cops they support them for making stops and theyre not going to measure police against a population benchmark which is the typical method used by the Obama Administration. You look at where people are victimized, minority neighborhoods. Turns out the police are making more stops or more arrests of minority individuals, thats not proof of racism, you have to know where is crime happening. David by the way, at least you dont have a Justice Department going into cities where policing works and telling them not to do what works. You have a cooperative Justice Department now under the trump administration, right . Thats our best hope is trump turns around the false narrative. Jeff sessions is reconsidering the Consent Decree process, cops need to get the morale back in order to save lives. David Heather Macdonald, manhattan institute. Good to see you. Melissa the fallen heroes, the viral deo of the little girl challenging presidt trump is exposing fake news. Hmm. Think doing this at my age is scary. I say not if you protect yourself. What is scary . Pneumococcal pneumonia. Its a serious disease. My doctor said the risk is greater now that im over 50 yeah. Yaha. Just one dose of the prevnar 13® vaccine can help protect you from Pneumococcal Pneumonia an illness that can cause coughing, chest pain, difficulty breathing, and may even put you in the hospital. Prevnar 13® is approved for adults 18 and older to help prevent infections from 13 strains of the bacteria that cause Pneumococcal Pneumonia. You should not receive prevnar 13® if you have had a severe allergic reaction to the vaccine or its ingredients. If you have a weakened immune system, you may have a lower response to the vaccine. The most common side effects were pain, redness, and swelling at the injection site, limited arm movement, fatigue, headache, muscle pain, joint pain, less appetite, vomiting, fever, chills, and rash. Get this one done ask about prevnar 13® at your next visit to your Doctors Office or pharmacy. I mean wish i had time to take care of my portfolio, but. Well, what are you doing tomorrow 10am . Staff meeting. Noon . Eating. 3 45 . Uh, compliance training. 6 30 . Sams baseball practice. 8 30 . Tai chi. Yeah, so sounds relaxing. Alright, 9 53 . I usually make their lunches then, and i have a little vegan so wow, you are busy. Wouldnt it be great if you had investments that worked as hard as you do . Yeah. Introducing essential portfolios. The automated investing solution that lets you focus on your life. A young girl becoming a viral sensation. The president is a disgrace to the world. Only one problem. This wasnt really donald trump. It was a donald trump impersonator for Comedy Central the president show. The logo was cut off a video quickly became another entry into fake news. Its amazing how easily this is done. Whenever i see Something Like that i think its not real. That is the narrative. Risk and reward starts now. Is not only do we believe the russians knew this but they likely had proof of this information. And that created a compromise situation. One where the National Security advisor essentially could be blackmailed by the russians. It is now back in the headlines. The former Deputy Attorney general is an obama appointee. She testified today on russian meddling and the election. The former director of national and terrence intelligence also testified. They warned the trumpet

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