that there s only three banks that this is be done is this like the test balloon? i think you re totally right to call it a test balloon because chinese government is very into doing these odd experiments. the change here is not weather you can open a bank account in omaha. it s how much convertibility is that currency going to have as a global currency that s going to be an alternative to or in addition toll the dollar. the oracle of omaha. that s right. warren buffett is opening an account, that will be the time. thanks for coming in. up next, more violence on the mexican border to talk about, this time an american teen caught in the crossfire. and the other stories topping the news right now. we re back after this. you don t know [ male announcer ] you know her. hey, what you do to me
the division between rich and poor is greater than it s ever been. it shows no sign of abating. we re going to have to figure out some way to help the middle class, help the working class, and what he s talking about is actually lowering tax rates, but getting rid of a lot of these deductions, john, that allow people like oracle of omaha play 14% taxes. there needs to be some kind of bold idea here, whether it s going to be a flat tax, a value-added tax. there needs to be some kind of debate about how we create the revenue that goes in. if mark is right, and i fear he is, the atmosphere is not going to allow that conversation. if you have the president just
shares of both companies shot up. as did rival, avis, which stands to profit from one less competitor in the karental mark car rental market. more from warren buffet. the so-called oracle of omaha predicted, quote, we are not going to have a double dip recession. prices at the pump are up sharply in the midwest thanks to a pipeline leak in the chicago area. the average price of unleaded gas there shot up ten cents a gallon since last week. and finally, anne hathaway s exboyfriend turned out to be a fraud, but the jewelry he gave her was the real deal. now it s up for sale. beginning today, you can bid on-line for any of a dozen pricey gifts she received from the real estate scammer with proceeds going to his victims. well, nadal slams the open, the rays walk off against the yankees, and a charger rally comes up short. plus, the loud-talking jets
somewhere near bermuda and then turn harmlessly out to sea. bermuda is really the only question mark. it weakens significantly down to a category 2. from here on out, five days to get to bermuda. this is a slow moving system also. as far as our computer models go, pretty much could agree that none of them take it toward the united states. all of them take it in a northwest and north northwest and finally attend over the weekend, d ew northlerly direction. by the way, the weather out there on the east coast, fantastic. really nice conditions out there today. high pressure is in control. feels like summer in the gulf. the only problem is kansas city to wichita with thunderstorms. we will cover the complete forecast coming up later in the show. lynn, the bottom line, two hurricanes out there. none of them are going to affect the united states. we re actually looking beautiful here. bill, thank you. stocks rise again. soothing words from the oracle of omaha.
tv. there s my guy, ed. ed, how are you doing? reporter: doing great. for a second, i thought you were calling me the oracle. i thought that would be a great lead-in. ali s never done that for me. the oracle of omaha. if you need financial advice and it seems like this country could use some, he might be a good guy to talk to. reporter: yeah, maybe the president needed to know about mutual funds or something. but this was not on the president s schedule. i got a tip about it a few hours ago. we confirmed that warren buffett was here for about an hour in the oval office one-on-one with the president. robert gibbs was just asked about it. he says that warren buffett requested it. we re trying to dig more on why he wanted this meeting. the wall street reform bill has been kicked around, it s almost finished. warren buffett has been very interested in that. but this president relied on warren buffett, he endorsed him in 2008 and he used him as a sort of informal adviser.