Warren Buffett and Denise Pellegrini Warn of an Economic Slowdown

Australian Treasurer says China's economic rebound cannot offset the impact of the Australian budget from the global economic downturn. Berkshire Hathaway is reporting a jump in quarterly operating income, but the billionaire chairman and CEO also warned earnings could decline across Berkshire's units going forward. Doug Krister: More talk of a short selling ban on regional banks.