Buffett's comments come after Berkshire Hathaway's BNSF Railway and CSX announced a partnership to provide new coast-to-coast rail services on Friday.

Warren Buffett Just Bought 12 Dividend Stocks. Here's the Best of the Bunch for Income Investors. Two of these stocks stand out as great picks for income investors, with one ranking as the best of the bunch. Income investors should especially like one of the stocks Buffett bought in the second quarter.

Some across Wall Street are starting to warn that a recession could be coming our way over the next year. The jobs data has become a big concern while tariffs appear to be starting to have an effect on the consumer in some areas.