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Transcripts For CNBC Squawk Box 20131231

Derailed. Thats about 45 miles west of fargo. Smoke can be seen up to 20 miles away. Residents within five miles of the fire have been evacuated and urged to evacuate, rather, and residents within ten miles have been told to stay indoors. Both trains are owned by Berkshire Hathaways bnsf. No injuries so far have been reported. We should say the fire will likely raise some concerns, though, about the increasing volumes of crude that are shipped by rail. Right now, more than twothirds of the states Oil Production is shipped by rail. Were going to go to michelle with more of the top news stories. Happy new year. Its nice to ring it in with you, andrew. Its very nice to be here. Warren Buffetts Berkshire hathaway is buying philipps 66. Berkshire reported owning about 27. 1 million shares of philips 6 6 at the end of september. That stake is worth just over 2 billion. A phillips 66 filing said it would be getting 19 million of those shares in explaining for the specialty product focusing on

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