This is a transcript of Warren Buffett's Sun Valley live interview on CNBC's Squawk Box, July 12, 2012, from 7:30am to 8:00am ET.
In his conversation with Becky Quick, Buffett says he now sees U.S. economic growth slowing, but residential housing is picking up slightly.
He also says Europe has "been slipping pretty fast" over the past six weeks.
BECKY QUICK: Mr. Buffett, thank you for joining us this morning.
WARREN BUFFETT: It's good to be here.
BECKY: It's great to see you. And we couldn't think of a better time to have you on because there are so many questions about what's been going on with the economy, what's been going on with the jobs picture. Why don't you tell us what you're seeing right now in your businesses?
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