Warren Buffett on wages, market highs and HP turnaround continues

The Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) are lower today after both making new all-time highs this week. Is it time to sell? Why doesn't it feel like a market high? Are markets around the world following our lead? Our Friday Midday Movers panel tackles all the big questions.

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Here are some of the other stories Yahoo Finance is watching this week.

Warren Buffett on wages
Warren Buffett is weighing in on the income inequality debate. Warren Buffett writes in a Wall Street Journal op-ed piece that a $15 dollar minimum wage and more education may not be the best solution to the problem. Instead, the Oracle of Omaha is calling for an expansion of the Earned Income Tax Credit.

Hewlett-Packard's turnaround continues
Shares of Hewlett-Packard (HPQ) are getting a nice bounce today. The world's second-largest PC maker says it expects to see a billion dollars in cost savings over three years from its plan to split the company in two later this year.

What to watch next week
It's Friday which mean our panel is thinking ahead to the other-side of the long weekend. Here is what they'll be watching next week.

Lauren Lyster - GDP revision
Mike Santoli - Russell 2000 re-balancing
Andy Serwer - Google's I/O developer conference

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