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the berkshire hathaway sh shareholder meeting. what do you think of warren buffett trimming the cash pile? >> that makes sense to us. that is similar to what our members are doing. public markets are frothy right now. our investors are very similar to what warren is doing. we are sitting on the markets and waiting as warren buffett called it for some enchanted evening. >> you know, we will talk about the things that the oracle of omaha had to say. aneka, hard to remember this before the berkshire hathaway meeting. we got a soft jobs report. 25% below the estimate. after that, we see the s&p and nasdaq having the best day in two months. what does that say about driving the market? does that mean earnings are not driving the market? 10% higher year over year. is it all about the fed? >> it was a period of time where it was all about the fed. i think markets have moved away from that because to your point, earnings have been really strong. let's zoom out a couple of months ago where the markets were expecting four or five rate cuts.
the berkshire hathaway sh shareholder meeting. what do you think of warren buffett trimming the cash pile? >> that makes sense to us. that is similar to what our members are doing. public markets are frothy right now. our investors are very similar to what warren is doing. we are sitting on the markets and waiting as warren buffett called it for some enchanted evening. >> you know, we will talk about the things that the oracle of omaha had to say. aneka, hard to remember this before...
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that's berkshire hathaway. the key plans for succession and the bank stock that warren buffett has been scooping up. stay with us. my late father-in-law lit up a room, but his vision dimmed with age. he had amd. i didn't know it then, but it can progress to ga, an advanced form of the disease. his struggle with vision loss from amd made me want to help you see warning signs of ga, like: hazy or blurred vision, so it's hard to see fine details, colors that appear dull or washed out, or trouble with low light that makes driving at night a real challenge. if you think you have ga, don't wait. treatments are available. ask a retina specialist about fda-approved treatments for ga and go to gawontwait.com >>> welcome back. this weekend, berkshire hathaway will hold the annual -- excuse me. futures at session highs right now. welcome back to "worldwide exchange." futures at session highs. the dow would open up 290 points higher. the nasdaq up .50%. the s&p is up .13%. >>> the big event is the berkshire hathaway annual
that's berkshire hathaway. the key plans for succession and the bank stock that warren buffett has been scooping up. stay with us. my late father-in-law lit up a room, but his vision dimmed with age. he had amd. i didn't know it then, but it can progress to ga, an advanced form of the disease. his struggle with vision loss from amd made me want to help you see warning signs of ga, like: hazy or blurred vision, so it's hard to see fine details, colors that appear dull or washed out, or trouble...
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warren buffett is running through berkshire hathaway requires cash pile. i just want to mitigate a little bit the absolute number. all investors are facing the fact that yes, cash is very high and this is on a relative basis. this is the main concern on the equity side why we are not seeing much more than current levels. >> within your notes, you are f focused on geopolitical risk. where are we seeing the geopolitical risk right now? we are seeing wti below $80 a barrel. when you are looking at the geopolitical risk in the market, where should investors look at that risk and how should they respond to it? >> i think oil prices are not at the risk premium with the oil demand and supply. we like to find some of the opportunities standing from geopolitical risk. one is the east/west divide. china traveling to europe this week. there is a big shift. there are winners with vietnam and mexico. we are trying to find winners of the current tensions we are seeing. these are examples related to reshoring or near shoring which is benefitting from the geopolitical shi
warren buffett is running through berkshire hathaway requires cash pile. i just want to mitigate a little bit the absolute number. all investors are facing the fact that yes, cash is very high and this is on a relative basis. this is the main concern on the equity side why we are not seeing much more than current levels. >> within your notes, you are f focused on geopolitical risk. where are we seeing the geopolitical risk right now? we are seeing wti below $80 a barrel. when you are...
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berkshire hathaway energy. the major utility company berkshire hathaway owns as well. laid out the issues on the regulatory front with the western states. major fires there, liability issues that come with it and questions raised by regulatregu. all of those things raising questions. we will talk about those issues. the other major thing is litigation for real estate br brokers. berkshire hathaway did not participate in the litigation that was settled. there were questions about that. a lot of meat to chew over. we have guests today and the ceo from the portfolio companies. oriental trading, brooks running and pilot and bnsf. we have mario ganelli and we have questions to throw out about how the board is looking at these things. a programming note. we will have full coverage of the annual meeting as warren buffett takes the stage to answer shareholder questions. tune in to cnbc and cnbc.com at 9:30 a.m. for full coverage here at the meeting. andrew. >> thanks, becky. we'll come back to you a lot over the next three hours. of course, a lot over the next 24 and 48 hours.
berkshire hathaway energy. the major utility company berkshire hathaway owns as well. laid out the issues on the regulatory front with the western states. major fires there, liability issues that come with it and questions raised by regulatregu. all of those things raising questions. we will talk about those issues. the other major thing is litigation for real estate br brokers. berkshire hathaway did not participate in the litigation that was settled. there were questions about that. a lot of...
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berkshire hathaway's annual shareholder meeting under way in omaha. cnbc carrying live coverage of that event 9:30 a.m. tomorrow morning. the so-called woodstock of capitalism drawing a big crowd as always. let's bring back josh brown, he owns the stock. mike santoli owns great views on this firm. it is great to have you. mike, to you first, because you're there. give us a scene setter if you will and what you think the overall mood is going to be out there this weekend. >> yeah, mood should be good. just i think based on how the markets have done, how berkshire hathaway has done as well, it seems like actually a little bit of a heavier crowd here in the exhibit hall than the past couple of years. we were saying that. i know they're expecting more people. i think the idea is -- berkshire hathaway, of course, is this kind of unique animal. like the biggest nontech stock in the market, broadly denfined. it is many companies inside of it. it is a very broad claim on the u.s. economy with a massive financial cushion in the middle of it, and a way to recyc
berkshire hathaway's annual shareholder meeting under way in omaha. cnbc carrying live coverage of that event 9:30 a.m. tomorrow morning. the so-called woodstock of capitalism drawing a big crowd as always. let's bring back josh brown, he owns the stock. mike santoli owns great views on this firm. it is great to have you. mike, to you first, because you're there. give us a scene setter if you will and what you think the overall mood is going to be out there this weekend. >> yeah, mood...
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berkshire hathaway's revealing the latest addition to the top te
berkshire hathaway's revealing the latest addition to the top te
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the insurance business was profitable for berkshire hathaway last year. i think that's less because of margins in home and car insurance, more because of the reinsurance and there weren't as many storms. that's what berkshire the big issue in terms of profitability is, whether you see big storms and storm damage that takes place across the country and globe. reinsurance is a big part of that too. >> okay. grab a squish mallo for me, these. thank you very much. >> okay. >> looking forward to the coverage. >>> and just reminder becky and mike santoli will be live in omaha beginning 9:30 eastern tomorrow. tune in to cnbc or you can stream it on cnbc.com. >>> as we head to break here on "squawk on the street" here's our road map for the hour. more on what's next for stocks and the fed with goldman sachs chief economist jan hatzius after a week of data earnings and another hold on rates. >>>okay. that you sounds of berkshire shareholders gathering and what to expect and then amgen soaring while novo is down. more on the battle over these booming markets for we
the insurance business was profitable for berkshire hathaway last year. i think that's less because of margins in home and car insurance, more because of the reinsurance and there weren't as many storms. that's what berkshire the big issue in terms of profitability is, whether you see big storms and storm damage that takes place across the country and globe. reinsurance is a big part of that too. >> okay. grab a squish mallo for me, these. thank you very much. >> okay. >>...
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berkshire hathaway actually sold another 116 million shares of apple. that is its largest holding as of the latest quarter. the change may be a bit of a surprise. buffett called apple berkshire's second most important business after insurers and took time to reassure shareholders the berkshire portfolio will hold these very a very long time. >> end of next year i think it extremely likely that apple is the largest common stock holding we have. now, we can buy really wonderful companies in the market as businesses. we can't buy all of them. i mean, all of the shareholders, we can't buy 90% or 80% or anything like that. when we look at others in apple we look at them as businesses. there's differences in techs, factors, management, responsibility, a bunch of things. in terms of deploying your money, we always look at every stock. every stock as a business. and we don't -- we have no way, to attempt made to predict markets. no attempt made to -- to pick stocks. >> mike, still not entirely sure what he did with the apple stake. why he sold it. sold out abou
berkshire hathaway actually sold another 116 million shares of apple. that is its largest holding as of the latest quarter. the change may be a bit of a surprise. buffett called apple berkshire's second most important business after insurers and took time to reassure shareholders the berkshire portfolio will hold these very a very long time. >> end of next year i think it extremely likely that apple is the largest common stock holding we have. now, we can buy really wonderful companies in...
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he said greg abel, who has been overseeing much of berkshire hathaway, will make investment decisions as the ceo. buffet turns 94 in august but signalled no plans to go yet. berkshire hathaway has about $189 billion in cash and an equity portfolio worth about $860 billion. >>> we learned today of the death of artist frank stella. his large-scale minimalist black paintings that took the art world by storm in the 1950s. later he created colorful works that seemed to repudiate his youth. frank stella died in new york city. he was 87. >>> still to come on the "cbs weekend news," we take you to a high school where all 130 seniors have been accepted by colleges. caitlin clark shows fans and fellow players she is ready for the big time. >>> but first, a faded queen gets her crown back. why did i keep missing out on this? before you were preventing migraine with qulipta? do you remember the pain, the worry, the canceled plans? and look at me now. you'll never truly forget migraine but qulipta reduces attacks making zero-migraine days possible. it's the only pill of its kind that blocks cgrp a
he said greg abel, who has been overseeing much of berkshire hathaway, will make investment decisions as the ceo. buffet turns 94 in august but signalled no plans to go yet. berkshire hathaway has about $189 billion in cash and an equity portfolio worth about $860 billion. >>> we learned today of the death of artist frank stella. his large-scale minimalist black paintings that took the art world by storm in the 1950s. later he created colorful works that seemed to repudiate his youth....
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warren buffett's berkshire hathaway reveals chubb is the mystery stock. berkshire bought 26 million shares of the insurer worth $9 billion. >>> rival insurer aflac is taking a take in treeline partners for $100 million. as part of the deal, aflac will give treeline some cash it collects through insurance premiums. >>> palo alto network is buying security networks from ibm to provide access to a wider customer base. including the cisco $26 billion purchase of splunk back in march. >>> and microsoft is asking hundreds of the employees in the china a.i. division to transfer outside the country. the move comes as tensions with washington and beijing around the technology continue to accelerate. >>> and caitlin clark bringing up the temperature with the indiana fever drawing in 2 million viewers during her wnba debut against the connecticut sun on tuesday. that's the largest wnba broadcast audience in two decades and the league's biggest cable audience ever. >>> here's what to watch today. economic data out before the opening bell with jobless claims and housi
warren buffett's berkshire hathaway reveals chubb is the mystery stock. berkshire bought 26 million shares of the insurer worth $9 billion. >>> rival insurer aflac is taking a take in treeline partners for $100 million. as part of the deal, aflac will give treeline some cash it collects through insurance premiums. >>> palo alto network is buying security networks from ibm to provide access to a wider customer base. including the cisco $26 billion purchase of splunk back in...
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when it comes to warren buffett, berkshire hathaway has a lot of cash and nowhere to go. does the average investor have the same problem? >> know. thank you for having me. i think there are still a number of attractive places to invest in this market. we focus on the seven, but there are a number of areas where you have high quality companies taking the ai story. i think there are places to go. i am not going to disagree with warren buffett. he has his own strategy that has worked brilliantly, but we like apple here. i know he does too, but i think you just want to hang on. manus: let's talk about that area of agreement, apple. everyone will focus on him trimming. maybe it was taking some profit, tell us about your faith in apple now. his comets were interesting after apple earnings. >> we had been trimming over the last five years because destocked got to an outsized position. as i wrote about, sometimes you think you are doing the right thing as a portfolio manager but you need to hang on, so we view apple as one of the stocks you can own for a lifetime, not just becaus
when it comes to warren buffett, berkshire hathaway has a lot of cash and nowhere to go. does the average investor have the same problem? >> know. thank you for having me. i think there are still a number of attractive places to invest in this market. we focus on the seven, but there are a number of areas where you have high quality companies taking the ai story. i think there are places to go. i am not going to disagree with warren buffett. he has his own strategy that has worked...
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i think this has something going on. >> that would be berkshire hathaway. dow is just below 40,000 after topping it for the first time ever earlier in the session. i'll take you through the final stretch at 3:00. "the exchange" is now. ♪ ♪ >> thank you very much, scott. welcome to "the exchange." i'm kelly evans and here's what's ahead. it's a milestone moment for sure. the dow hitting 40,000 for the first time ever. but can the bulls keep it going? our market guest has some concerns about the strength of the economy and the consumer. here's here with what makes him worry and what he's still buying. >>> and one of our guests is hoping to attract a particular kind of consumer. we'll tell you who, how and why they're on this year's disrupter 50s list. >>> and is the
i think this has something going on. >> that would be berkshire hathaway. dow is just below 40,000 after topping it for the first time ever earlier in the session. i'll take you through the final stretch at 3:00. "the exchange" is now. ♪ ♪ >> thank you very much, scott. welcome to "the exchange." i'm kelly evans and here's what's ahead. it's a milestone moment for sure. the dow hitting 40,000 for the first time ever. but can the bulls keep it going? our...
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all that to unpack from berkshire hathaway coming up next. this is bloomberg. ♪ you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? you can get two unlimited lines for just $30 each a month. all on the most reliable 5g mobile network—nationwide. wireless that works for you. for a limited time, ask how to save up to $830 off an eligible 5g phone when you switch to comcast business mobile. don't wait! call, click or visit an xfinity store today. tom: good morning, this is "bloomberg daybreak europe," i'm tom mackenzie in london. asian equities gaining after softer than expected u.s. jobs data revives bets the fed will cut rates this year. the israeli military is reported to have started moving civilians out of rafah, as preparation for a ground invasion moves forward. this after israel closed a humanitarian crossing into gaza following a barrage of rockets fired
all that to unpack from berkshire hathaway coming up next. this is bloomberg. ♪ you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? you can get two unlimited lines for just $30 each a month. all on the most reliable 5g mobile network—nationwide. wireless that works for you. for a limited time, ask how to save up...
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berkshire hathaway has hundred 88 billion dollars of cash. i don't think this combination may happen but it is possible. sonali: if it does not happen and you are chubb and you have a massive rival having that large of a stake in you, you worry? what is the motive? >> berkshire does not really go hostile. i don't think it is a problem. if you look at the business mixes of the companies, berkshire with geico's big and personal auto, chubb has a reinsurance business not as big as berkshire. they are complementary a little bit. it is surprising but if you take the insurance side away, it is a company berkshire and buffett would want to own. shelley: you brought up an interesting point about dachshund ali: you what up an interesting point about how succession could play out evan greenberg and spot chubb evan himself has been quite a giant in the insurance industry. can evan be a singular leader at work sure? >> if that were to happen, evan is probably not going to work for someone else. in situation where this combination could occur, evan greenb
berkshire hathaway has hundred 88 billion dollars of cash. i don't think this combination may happen but it is possible. sonali: if it does not happen and you are chubb and you have a massive rival having that large of a stake in you, you worry? what is the motive? >> berkshire does not really go hostile. i don't think it is a problem. if you look at the business mixes of the companies, berkshire with geico's big and personal auto, chubb has a reinsurance business not as big as berkshire....
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has berkshire hathaway's huge bet on the iphone maker gotten too risky? one votes says it could kay on berkshire's pofortlio. we're back, right after this. vi, my promise to you is simple. as a fiduciary, i promise to put your interests first, always. i promise that our relationship will go well beyond just investment decisions. it's the intersection of your money and your life where we can make the biggest difference. [announcer] charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com (grandpa vo) i'm the richest guy in the world. to helping people achieve their financial goals. hi baby! (woman 1 vo) i have inherited the best traditions. (woman 2 vo) i have a great boss... it's me. (man 1 vo) i have people, people i can count on. (man 2 vo) i have time to give (grandma vo) and a million stories to share. (grandpa vo) if that's not rich, i don't know what is. (vo) the key to being rich is knowing what counts. (torstein hagen)
has berkshire hathaway's huge bet on the iphone maker gotten too risky? one votes says it could kay on berkshire's pofortlio. we're back, right after this. vi, my promise to you is simple. as a fiduciary, i promise to put your interests first, always. i promise that our relationship will go well beyond just investment decisions. it's the intersection of your money and your life where we can make the biggest difference. [announcer] charles schwab is proud to support the independent financial...
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the annual berkshire hathaway meeting is in the books now. berkshire is sitting on and whether it is time to return some of that cash to shareholders, and if so how? we will talk about all of it ahead. he's back. former starbucks ceo, he's in, he's out, he's in. he says starbucks needs to fix its stores to win back customers, but bank of america sticking with a buy on the company. sitting 50% upside for the stock from here. that analyst will join us to make her case. and is she bringing cappuccinos, too? >>> disney on deck to report. what to watch for, how to position on that name and two more. that's ahead in the earnings exchange. we begin with today's markets. don chu. >> the bounceback continuing off the recent lows we have seen over the course week and a half or so. right now the markets are green across the board, but fractionally so, but it's still green. the dow is down 89 points. two-thirds of 1% gained for the s&p 500 which sits at a decent level right now. 35 points today. and three-quarters of 1% gained for the nasdaq composite. t
the annual berkshire hathaway meeting is in the books now. berkshire is sitting on and whether it is time to return some of that cash to shareholders, and if so how? we will talk about all of it ahead. he's back. former starbucks ceo, he's in, he's out, he's in. he says starbucks needs to fix its stores to win back customers, but bank of america sticking with a buy on the company. sitting 50% upside for the stock from here. that analyst will join us to make her case. and is she bringing...
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the stock that berkshire hathaway built a stake in. secret mystery stock, built a stake in the company both $6.7 billion as of end of march. only got, like, 200 -- how much left to go? 200 million left to the try to deploy? this doesn't really help that much. does it? >> no. toughness. >> and new york's federal reserve president john williams telling reuters in an interview yesterday's cooler than expected cpi data isn't enough to warrant rate hikes in the near future. williams said a monetary policy is, in his words, in a good place. futures this morning, have been -- in the positive range after a couple of big sessions, but as you can see just barely. that's with a three-point move in walmart. not everything is chipping in but at new highs. treasurys this morning. 433. an immediate move down we saw in yields yesterday, on the cooler cpi. let's get to dom chu. among other things moving as well. pre-market movers. dom? >> so, thank you. talented mr. kernen. caught up on other earnings headliners not walmart. joe just mentioned. start w
the stock that berkshire hathaway built a stake in. secret mystery stock, built a stake in the company both $6.7 billion as of end of march. only got, like, 200 -- how much left to go? 200 million left to the try to deploy? this doesn't really help that much. does it? >> no. toughness. >> and new york's federal reserve president john williams telling reuters in an interview yesterday's cooler than expected cpi data isn't enough to warrant rate hikes in the near future. williams said...
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the head of berkshire hathaway has told his shareholders his successors are ready for the job. speaking at the company's annual meeting, warren buffett announced the vice chairman, greg abel, at the giant will take over the company in the future. the 93—year—old legendary investor also announced his firm sold its entire stake in paramount global at a loss and cut its investment in apple by 13%. telecommunications company optus has appointed a new chief executive effective from november. stefan rue currently leads australia's national broadbound network. he will take on the role at optus, the australian unit of singapore telecommunications after its previous boss resigned following a massive network outage. qantas says it has agreed to pay a penalty of around $66 million to settle a law suit in the country. australia's competition regulator had alleged that after the pandemic, the airline illegally sold thousands of tickets for flights that had already been cancelled. as part of the settlement, a remediation programme will also be created four customers affected by the cance
the head of berkshire hathaway has told his shareholders his successors are ready for the job. speaking at the company's annual meeting, warren buffett announced the vice chairman, greg abel, at the giant will take over the company in the future. the 93—year—old legendary investor also announced his firm sold its entire stake in paramount global at a loss and cut its investment in apple by 13%. telecommunications company optus has appointed a new chief executive effective from november....
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. >>> coming up, elon musk has a thought or two on what berkshire hathaway's next big investment should be. why he thinks the oracle of omaha would be wise to take a stake in tesla. >>> plus, a showdown at starbucks. the former ceo speaks about the current ceo. we'll talk about that next. >>> this is "fast money" with melissa lee. right here on cnbc.re del d of pg to what you want? it's truffle season! ah that's okay... never enough truffles. how much are they? it's a lot. oh okay - i'm good, that - it's like a priceless piece of art. enjoy. or when they sell you what they want? yeah. the more we understand you, the better we can help you. that's what u.s. bank is for. huge relief. yeah... ♪ (grandpa vo) i'm the richest guy in the world. yeah... hi baby! (woman 1 vo) i have inherited the best traditions. (woman 2 vo) i have a great boss... it's me. (man 1 vo) i have people, people i can count on. (man 2 vo) i have time to give (grandma vo) and a million stories to share. (grandpa vo) if that's not rich, i don't know what is. (vo) the key to being rich is knowing what counts. norman, b
. >>> coming up, elon musk has a thought or two on what berkshire hathaway's next big investment should be. why he thinks the oracle of omaha would be wise to take a stake in tesla. >>> plus, a showdown at starbucks. the former ceo speaks about the current ceo. we'll talk about that next. >>> this is "fast money" with melissa lee. right here on cnbc.re del d of pg to what you want? it's truffle season! ah that's okay... never enough truffles. how much are...
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." ♪ caroline: berkshire hathaway held a meeting over the weekend, and apple quickly became one of the biggest topics as the meeting unfolded. laurent fit praised the company, calling the iphone of the greatest products of all time. that was after revealing he cut a steak. a $135 billion holding an apple at the end of the quarter, down from $174 billion at year-end. meanwhile, the whole news when it comes to apple and foxconn posted the strongest monthly sales growth since the start of 2023, and look at the impact on shares, potentially raising expectations for a phones -- for iphones, for ai. bloomberg's mark gurman is with us. however you want to talk about it, always a great tell. we had been worried about its previous earnings but now it looks like from a month on month basis or a year on your monthly posting, we are getting record sales for the company. mark: if you look at the prior quarter, they raised their revenue, expectations were not so hot, and then apple revealed iphone sales for the previous quarter last week and you saw the iphone come in $5 billion down on a year-over-
." ♪ caroline: berkshire hathaway held a meeting over the weekend, and apple quickly became one of the biggest topics as the meeting unfolded. laurent fit praised the company, calling the iphone of the greatest products of all time. that was after revealing he cut a steak. a $135 billion holding an apple at the end of the quarter, down from $174 billion at year-end. meanwhile, the whole news when it comes to apple and foxconn posted the strongest monthly sales growth since the start of...
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what is going on with chubb and berkshire hathaway? emily: berkshire hathaway had been building a stake in a company for several months but the market did not know what the company wasn't until last night in the filing and we found out it was chubb, building 86 point $7 billion stake. analysts are largely positive about this investment -- 86.7 billi dollars stakeo. analysts are largelyn positive about this investment. -- $86.7 billion stake. analysts are largely positive about this investment. it is still up 4%. katie: tell me about jd.com. emily: the chinese retailer up about 3% just this morning. they beat expectations. there were also in an earnings season and this is amid a slowdown in the chinese economy. you compare this to the competitor alibaba, which posted earnings earlier this week which were a little weaker. for jd.com is 7% rise in revenue and that came amid a move to slash prices, particularly in their consumer electronics business. katie: great stuff. i appreciate the round. coming up, deere cutting the outlook as slower
what is going on with chubb and berkshire hathaway? emily: berkshire hathaway had been building a stake in a company for several months but the market did not know what the company wasn't until last night in the filing and we found out it was chubb, building 86 point $7 billion stake. analysts are largely positive about this investment -- 86.7 billi dollars stakeo. analysts are largelyn positive about this investment. -- $86.7 billion stake. analysts are largely positive about this investment....
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May 5, 2024
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in other business news this morning — the head of berkshire hathaway has told his shareholders that his successors are ready for the job. speaking at the company's annual meeting, warren buffett announced that vice chairmen greg abeland ajitjain will take over the company in the future. the 93—year—old legendary investor also announced that his firm sold its entire stake in paramount global at a loss, and cut its investment in apple by 13%. in a few hours, we will learn how indonesia's economy performed in the first three months of the year. the country is in the midst of a leadership transition, after prabowo subianto was declared the winner of its elections in february. for more, let's speak to euben paracuelles from investment bank and brokerage firm nomura. he believes we will likely see growth of around 5%. i think we have to look a bit more into the details, but because there is still a bit of unevenness they are. we are expecting goods exports to see growth, which is kind of moderating a little bit, probably because of china, but there are some offsetting factors that will bo
in other business news this morning — the head of berkshire hathaway has told his shareholders that his successors are ready for the job. speaking at the company's annual meeting, warren buffett announced that vice chairmen greg abeland ajitjain will take over the company in the future. the 93—year—old legendary investor also announced that his firm sold its entire stake in paramount global at a loss, and cut its investment in apple by 13%. in a few hours, we will learn how indonesia's...
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May 6, 2024
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berkshire hathaway is at the upper end of the range. the point is, he's fine to just sit there and have people allow him to be opportunistic only on his schedule. >> they're not that far from a trillion dollar market cap. >> it's above 850 at this point. so without a doubt, that is true. so you can't be too demanding in terms of statistical cheapness, especially when buying things. i do think he's also trying to get this balance sheet in such a place for when he hands off the company in one way or another, it is just impenetrable, they can maneuver as much as they want, take opportunities wherever they want, as opposed to necessarily handing off, you know, some kind of new, big issue. >> buying something at the top and then doing the handoff. >> yeah. that's something he doesn't want. he also wants to buy a big business, honestly. that's always first choice. >> all right. i will see you on "closing bell." finals coming up next. can help you open those doors. they can help you create a retirement-income plan designed to balance growth an
berkshire hathaway is at the upper end of the range. the point is, he's fine to just sit there and have people allow him to be opportunistic only on his schedule. >> they're not that far from a trillion dollar market cap. >> it's above 850 at this point. so without a doubt, that is true. so you can't be too demanding in terms of statistical cheapness, especially when buying things. i do think he's also trying to get this balance sheet in such a place for when he hands off the...
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May 24, 2024
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berkshire hathaway. nobody's ever gone wrong verizon, at one point or another i would have said you do have to mix it up because i don't refer to them as a good enough utility to own. no longer. consumer, soda, tech, insurance, that is perfect diversification. now we are going to tom in california. >> booyah, jim. >> booyah, tom. >> my holdings are tesla, amazon, thermo fisher, contour, and coin base. am i diversified? >> this is an interesting portfolio. thermo fisher is a scientific device company. tesla, i tend to look at this company as more of an autonomous machine company. kontoor, that is leon wrangler. i love my jacket. coin base the same company that does the bank mostly for crypto. amazon is the world's greatest retailer but also the world's greatest cloud computer company and is just amazing. we will put that in tech, science, autonomous machine, clothing, and finance. great portfolio. we will go all the way back. my head is spinning. let's go to rocco in new york. >> housing going? >> this is
berkshire hathaway. nobody's ever gone wrong verizon, at one point or another i would have said you do have to mix it up because i don't refer to them as a good enough utility to own. no longer. consumer, soda, tech, insurance, that is perfect diversification. now we are going to tom in california. >> booyah, jim. >> booyah, tom. >> my holdings are tesla, amazon, thermo fisher, contour, and coin base. am i diversified? >> this is an interesting portfolio. thermo fisher...
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warren buffet's berkshire hathaway has a 5.9% stake in apple, worth $157 billion. the journal writes about this today. warren buffet has his big weekend of the berkshire hathaway annual meeting this weekend, so you'll see probably lots of conversation about that they're sitting on 120 of billion dollars in paper gains on apple alone, john. take a look at interest rates this morning, the 10 year treasury pulling back fractionally and it is sitting a 4.57%. we get the april jobs report out in an hour an 15 minutes, economists are expecting growth in jobs, 243,000 nonfarm payrolls exacted to have -- expected to have been added in the month of april with the unemployment rate steady at 3.8%. what's the most important thing at your standpoint m? >> i'll take a look at the jobs growth for april. in march we found that the categories that come under the headings of leisure and hospitality, healthcare and government created 66% of the new jobs, though those three categories account for only 39% of all outstanding jobs. we've got low consumer confidence. biden has low ratin
warren buffet's berkshire hathaway has a 5.9% stake in apple, worth $157 billion. the journal writes about this today. warren buffet has his big weekend of the berkshire hathaway annual meeting this weekend, so you'll see probably lots of conversation about that they're sitting on 120 of billion dollars in paper gains on apple alone, john. take a look at interest rates this morning, the 10 year treasury pulling back fractionally and it is sitting a 4.57%. we get the april jobs report out in an...
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May 8, 2024
05/24
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hathaway and its future and of course you said you are on board with berkshire hathaway, i wanted your thoughts on the entity who built your family's wealth and the direction that it may be taken to in the future? >> i'm careful about commenting on berkshire as a director because i think that is management responsibility. berkshire has long track records of success and there is no reason to think it will not continue with success. greg will be a great ceo but beyond that, i think i find it better to talk to the management and at they think. sonali: thank you for joining us on your thoughts in your effort, the howard buffett foundation giving more than 800 million dollars in aid to ukraine. before we let you go, quick check on the markets because we do have a turn in these markets on the day, we have a winning streak for a while we are looking at the s&p 500, down .1% and the same goes for the nasdaq 100, a little bit of a bit in the bond market but still hanging around .483. up, relative calm in these markets, even on a down day, that does it for bloomberg markets, stick with us, more
hathaway and its future and of course you said you are on board with berkshire hathaway, i wanted your thoughts on the entity who built your family's wealth and the direction that it may be taken to in the future? >> i'm careful about commenting on berkshire as a director because i think that is management responsibility. berkshire has long track records of success and there is no reason to think it will not continue with success. greg will be a great ceo but beyond that, i think i find...
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May 16, 2024
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okay, moving on, investors get name for undisclosed stock berkshire hathaway has been racking up since the second half of last year. what's buffet been guying and one of the stocks on the s&p 500 leader board. maybe. we'recosming right back. did i read this? did i get eggs? where are my keys? memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com ♪ (upbeat music) ♪ ( ♪ ) with the push of a button, constant contact's ai tools help you know what to say, even when you don't. hi! constant contact. helping the small stand tall. sara federico: at st. jude, we don't care who cures cancer. we just need to advance the cure. the heart of st. jude is to take care of children with catastrophic diseases and to advance their cure rates. but we need to be able to do that for everyone. it's a bold initiative, to try and bump cure rates all around the world. but we should. it is our commitment. [music playing] -so, what's the code? -it says 547. 5-well, that's not working. dad, she really needs to pee. [baby crying] we'
okay, moving on, investors get name for undisclosed stock berkshire hathaway has been racking up since the second half of last year. what's buffet been guying and one of the stocks on the s&p 500 leader board. maybe. we'recosming right back. did i read this? did i get eggs? where are my keys? memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com ♪ (upbeat music) ♪ ( ♪ ) with the push of a button, constant...
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i'm sorry that i missed you over the weekend at the berkshire hathaway annual shareholder meeting. i've been there 16 times it always been able to speak with you and your siblings. to me it's a fascinating study of everything that goes on. you will be nonexecutive chairman when your dad leaves, what does that mean can you explain to our viewers that role how you define it will be. >> i'm the only executive chairman but the board votes that way, i'm not assuming anything but what it really means i won't be able to go to ukraine very often. it just means i'm going to help maintain the culture of the company and support greg and his efforts and g in his efforts and do whatever i can. it's not a management position it's a position where you actively engaged in managing the company but you are overseeing the board but you're also supporting the culture and maintaining the type of culture that my dad has bill over many years. that's probably an important thing to be able to do. liz: the brookshire stock is up today people liked what they heard over the weekend, record profits for the qua
i'm sorry that i missed you over the weekend at the berkshire hathaway annual shareholder meeting. i've been there 16 times it always been able to speak with you and your siblings. to me it's a fascinating study of everything that goes on. you will be nonexecutive chairman when your dad leaves, what does that mean can you explain to our viewers that role how you define it will be. >> i'm the only executive chairman but the board votes that way, i'm not assuming anything but what it really...
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May 9, 2024
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here post-berkshire hathaway a covered call that gives us participation up to 195. about a 5% annual premium to do that it gives us a hedge to the down side if the stock continues to move higher and we get called away, gosh, i wouldn't lose any sleep selling that stock in two weeks. >> you think it's on an upward trajectory from here the technicals look horrific >> coming from 164 to 184 in a short period of time is a lot for a stock like apple we might see consolidation as far as the stock is concerned. at these levels, it's still a buy. we have a developers conference coming out i think it will be exciting for them to say a.i., to liz's point, it's probably not going to spark the world on fire but apple we want to own it. we think we're getting in at 160s and 170s was the right move i would encourage anyone who does own it to write calls there's a nice premium >> you own broadcom. it plays into our story off the top about what some of these a.i.-related stocks have done, this has surged the past month it's down a little bit take me behind the curtain on that one >
here post-berkshire hathaway a covered call that gives us participation up to 195. about a 5% annual premium to do that it gives us a hedge to the down side if the stock continues to move higher and we get called away, gosh, i wouldn't lose any sleep selling that stock in two weeks. >> you think it's on an upward trajectory from here the technicals look horrific >> coming from 164 to 184 in a short period of time is a lot for a stock like apple we might see consolidation as far as...
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with that we see the cash on hand for berkshire hathaway searched almost $190 billion that is a record, this would be bad news why does he have so much cash on hand maybe he does not know what to do with it, is that a bad sign for the market here on out? in the quarter you can see the stock is up great numbers earned a record 11-point to billion dollars a lot of strength in business at geico. stuart: he would've cut his holdings if he thought it was going to go up more from here, that is why apple is down a little bit this morning. >> he made his money, he walked away from the looks of it. maybe he think they can make more money elsewhere with the money he takes out of apple. let's look at the quite this morning i was looking earlier 63000, it's on the upside, ticket the crypto stocks are up and running. >> break point started its rise after the soft jobs data its continuing over the weekend and into today. if you look at micro strategy in particular, that is a proxy for bitcoin it should be up 70% as we speak. stuart: howard schultz is the founder of starbucks. >> the ceo three times
with that we see the cash on hand for berkshire hathaway searched almost $190 billion that is a record, this would be bad news why does he have so much cash on hand maybe he does not know what to do with it, is that a bad sign for the market here on out? in the quarter you can see the stock is up great numbers earned a record 11-point to billion dollars a lot of strength in business at geico. stuart: he would've cut his holdings if he thought it was going to go up more from here, that is why...
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May 5, 2024
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sally, who leads our finance coverage in the americas, will lead us on berkshire hathaway. the spotlight shifting to major carmakers and banks. analysts think toyota could deliver its fastest profit growth since at least 2013 and that would be led by the recovery in north america and europe. taking a look at the lenders, ocbc and you obi -- uob will be reporting the results. more to come here on "daybreak australia." this is bloomberg. ♪ >> taking a look at how u.s. futures are coming on this morning, modest gains so far in the session, backtracking what we had on friday and that was a healthy session for the s&p 500, up more than 1.3%. other gauges also rallying intern and it was a reaction to the jobs print we got coming through, softer than expected. it was the key take away here so really helping to appease any investor fees about stagflation and even recession and actually, the print also giving fodder to this belief that the economy is gradually slowing and the fed -- to ease policy later this year and we spoke to the chicago fed president about austin goolsby, haid
sally, who leads our finance coverage in the americas, will lead us on berkshire hathaway. the spotlight shifting to major carmakers and banks. analysts think toyota could deliver its fastest profit growth since at least 2013 and that would be led by the recovery in north america and europe. taking a look at the lenders, ocbc and you obi -- uob will be reporting the results. more to come here on "daybreak australia." this is bloomberg. ♪ >> taking a look at how u.s. futures...
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May 6, 2024
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apple puts a touch lower after be berkshire hathaway cut for tax purposes, and strong day for uber, after the company holds its annual meeting. we've given you highlights on this day, it does take us to our talk of the tape, the rebound, and whether you can trust it. let's ask our panel, dan greenhouse with asset management, stephanie link, and steph and court are both cnbc contributors, everybody at post nine, having a little party over here. steph, can you trust this bounceback? it's been pretty darn strong from the april intraday lows, s&p up 4%, russell 2000 up 6.5, nasdaq up almost 7. >> earnings are coming through better than expected. growth rate year over year is 7.1%. if you exclude bristol meyers $12 billion charge that was 10%. no one was talking about 10% growth, why, because you're going to see the growth, because the growth is coming through. i know everybody's focused on inflation. i am too. but the growth is better than expected. we are running about two, two and a half, according to some gdp trackers, north of three in the economy, a lot of that is because of the job mark
apple puts a touch lower after be berkshire hathaway cut for tax purposes, and strong day for uber, after the company holds its annual meeting. we've given you highlights on this day, it does take us to our talk of the tape, the rebound, and whether you can trust it. let's ask our panel, dan greenhouse with asset management, stephanie link, and steph and court are both cnbc contributors, everybody at post nine, having a little party over here. steph, can you trust this bounceback? it's been...
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May 6, 2024
05/24
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the berkshire hathaway from tim cook, ceo of apple. that shows you how important it is of note. is that 182 billion dollars earning 5% in cash? so true. he's not buying stocks that tells you he's not really excite about stock market thrown out. he said one interesting thing. he said i hope you doesn't regret letting the genie out of ai battle. he sought deepfake video of himself same sell the stock that wasn't me we've seen other people that's happened to as you kind of like some scams. and he says he thinks a eye scans in biggest growth in the street and all of humanity. so try to warn your parents don't fall for deepfakes or at least, you know, call you think if they're worried about something out, that's going to be the big thing going forward for scammers for sure. >> all right. let's finish with that kind of a cool story here. the kentucky you know, sometimes when it's neck and neck down to the wire, you've got 2 horses and one wins by a nose. but i guess this year's kentucky derby took that to another level. >> yeah. 3 horses with that's worthy of note. that hasn't happene
the berkshire hathaway from tim cook, ceo of apple. that shows you how important it is of note. is that 182 billion dollars earning 5% in cash? so true. he's not buying stocks that tells you he's not really excite about stock market thrown out. he said one interesting thing. he said i hope you doesn't regret letting the genie out of ai battle. he sought deepfake video of himself same sell the stock that wasn't me we've seen other people that's happened to as you kind of like some scams. and he...
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May 6, 2024
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there were some somber moments during berkshire hathaway's annual shareholder meeting this weekend. billionaire warren buffett is the co-founder, chairman and ceo of the investment firm. he reflected on the passing of his longtime partner, charlie munger, last year while making remarks about his own mortality. buffett reassured investors there is already a solid plan in place for berkshire hathaway after he passes, and buffett says he is confident his successor will make wise investment decisions. twitter founder jack dorsey has resigned as a board member of blue sky, dorsey has been a major player in helping fund and popularize the social media network during the past year. it was promoted as an online alternative to twitter, especially following the sale to elon musk. blue sky has attracted more than 2 million users during the past 12 months. dorsey did not reveal why he quit. the blue sky board would only say he is planning a new business venture, and a new air travel service is offering flights for you and your four legged friend. bach air launches this month. say goodbye to cra
there were some somber moments during berkshire hathaway's annual shareholder meeting this weekend. billionaire warren buffett is the co-founder, chairman and ceo of the investment firm. he reflected on the passing of his longtime partner, charlie munger, last year while making remarks about his own mortality. buffett reassured investors there is already a solid plan in place for berkshire hathaway after he passes, and buffett says he is confident his successor will make wise investment...
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May 6, 2024
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the acclaimed investor warren buffet has told shareholders in his berkshire hathaway fund that his successors are ready to take over his job. speaking at its company's annual meeting, the 93 year old announced that vice chairmen greg abel and ajit jain will take over the company in the future. buffet also announced that his firm sold its entire stake in paramount global at a loss, and cut its investment in apple by 13 percent. the growth in demand for petrol could be cut in half this year, according to a series of analysts speaking to the financial agency reuters, driven by the shift to electric cars both in china and the us. the consultancy wood mackenzie predicts growth of 340,000 barrels a day compared with 700,000 last year. the international energy agency points out that china, which was once the world's driver of gasoline demand, will account for more than half of all electric vehicle sales this year. around the world and across the uk, this is bbc news. to asia now, where people are bracing themselves for yet another hot summer. last year was the hottest year ever, and 2024 looks no be
the acclaimed investor warren buffet has told shareholders in his berkshire hathaway fund that his successors are ready to take over his job. speaking at its company's annual meeting, the 93 year old announced that vice chairmen greg abel and ajit jain will take over the company in the future. buffet also announced that his firm sold its entire stake in paramount global at a loss, and cut its investment in apple by 13 percent. the growth in demand for petrol could be cut in half this year,...
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May 6, 2024
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. >> we were all focused this week in on the annual meeting at berkshire hathaway warren buffett saying wall street creating an atmosphere for investors. do you agree with that, or how do you see it? >> there is a concern about market valuations, and it is really a concern about a relatively small number of companies that are seeing lots of valuation expansion, driven by things like ai, the belief of ai. a couple of things i would say about that, if you take the s&p 500 index, which is cap weighted and equal weight it, you're saying it's actually not that overvalued and there's opportunities and lots of other companies. were talking about seven companies in the s&p 500. point number two, which we do need to think about, i'm old enough to remember the advent of the internet. if you think about the mid to late 90's, there was that same kind of excitement and exuberance around a few companies. the internet was going to change everything right away. then 1999 and 2000 came. we could find ourselves in a situation like that again, because the hype of the technology oftentimes isn't met by the
. >> we were all focused this week in on the annual meeting at berkshire hathaway warren buffett saying wall street creating an atmosphere for investors. do you agree with that, or how do you see it? >> there is a concern about market valuations, and it is really a concern about a relatively small number of companies that are seeing lots of valuation expansion, driven by things like ai, the belief of ai. a couple of things i would say about that, if you take the s&p 500 index,...
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May 16, 2024
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warren buffett's berkshire hathaway unveiled a $6.7 billion stake in chubb. suspense over the mystery position in a financial firm. regulators allows it to be concealed. this reflected its position at the end of the first quarter. the conglomerate has building a stake in chubb since 2023. shares jumped in after hours trading. analysis of other filings show hedge funds continue to lean into ai focused tech companies. institutional investors lifted their exposure to nvidia with ai darling having the biggest increase by market value for a simple stock in the three months ending march 31. they also increased exposure to ai leaders amazon, meta and microsoft. bloomberg learned citadel securities generated $2.3 billion of net trading revenue in the first three months of 2020 four, setting the market making firm up for a potentially record year. the first quarter result was up 68% from the prior year. this offers a rare glimpse into the firm, which is steadily expanding its market-making capabilities. most recently, incorporate bonds. there is plenty more coming up
warren buffett's berkshire hathaway unveiled a $6.7 billion stake in chubb. suspense over the mystery position in a financial firm. regulators allows it to be concealed. this reflected its position at the end of the first quarter. the conglomerate has building a stake in chubb since 2023. shares jumped in after hours trading. analysis of other filings show hedge funds continue to lean into ai focused tech companies. institutional investors lifted their exposure to nvidia with ai darling having...
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May 8, 2024
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hathaway meeting. the s&p earnings, that's a 5% earnings yield perhaps 7%, 8% if you add inflation. you're starting dxj with a 5% carry. then you have 14 pe. i would bet on it. you're getting positive corporate governance. >> we're seeing it this year one other thing that's a concern for japanese equities and all global companies, looking at the dollar chart, up 4%. how does it inform your investment decisions >> it's one of those things people don't have enough exposure to in portfolios. when you talk starbucks, mcdonald's, they've exploded to a weak dollar. when the dollar is rising, it hurts their earnings so a lot of people when they go overseas, they add in the extra cur currency i think they need more strong dollar portfolio to head earnings betting it's been the exact opposite of bonds where they're not diversifying stocks. >> okay. give us a quick example. a strong dollar, give an example. >> not taking sort of dollar beds. >> all right jeremy swartz from wisdomtree. we've got to leave the conv
hathaway meeting. the s&p earnings, that's a 5% earnings yield perhaps 7%, 8% if you add inflation. you're starting dxj with a 5% carry. then you have 14 pe. i would bet on it. you're getting positive corporate governance. >> we're seeing it this year one other thing that's a concern for japanese equities and all global companies, looking at the dollar chart, up 4%. how does it inform your investment decisions >> it's one of those things people don't have enough exposure to in...
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May 7, 2024
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we got clear succession plans from berkshire hathaway. bob iger has returned to disney again. what do you see when it comes to succession? >> i think it's going tor be a very hard decision for bob iger to step aside another time. you look at the second term for bob iger and it has been a mixed result. if he had not come back after his first stint in the top role, we would have been heralding a fan tastic vision toward streaming. nelson peltz has been trying to take back the direction of disney back to the pre-streaming vertical which bob iger has responded against and proactive in making sure that disney stays on track. the challenge is finding someone else who has that similar commitment to the future. rather than stay in the past and commit to the digital future and use the assets. the the in real life assets. these will be growth areas. someone who understands how to harness the theme park business and real-life assets and international. >> speaking of theme parks, disney revealing a $540 million investment in the theme parks. how do you view the theme isn't that correct we
we got clear succession plans from berkshire hathaway. bob iger has returned to disney again. what do you see when it comes to succession? >> i think it's going tor be a very hard decision for bob iger to step aside another time. you look at the second term for bob iger and it has been a mixed result. if he had not come back after his first stint in the top role, we would have been heralding a fan tastic vision toward streaming. nelson peltz has been trying to take back the direction of...
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May 3, 2024
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he also talks about berkshire hathaway gets cash. it cannot find anything to purchase. but it is worth more than not. monday morning should be a good day. bears, beware. on monday morning we heard from my favorite, tyson foods. this is a bounce biplane. too cheap. that was many moons ago. i like this setup of tyson foods. and we have been correct. and after the close one of my absolute favorites. it is going to report and the put up a terrific set of numbers. but the yield the risk seems low. but the reward? i think, sensational. this is the highest volume in the world. southern properties had a fantastic story. and the influence of the cfo from pepsico that leads what casinos, the chinese would put up good numbers. but they seem to be willing to travel locally. also this is a new one. and i do not think that they got the numbers right out of the chute. those are good comparisons. and i anxiously await a very positive story in my humble opinion for reddit. now, wednesday. wednesday we hear from uber. and i wonder what they could be seeing some impact from lyft. and poss
he also talks about berkshire hathaway gets cash. it cannot find anything to purchase. but it is worth more than not. monday morning should be a good day. bears, beware. on monday morning we heard from my favorite, tyson foods. this is a bounce biplane. too cheap. that was many moons ago. i like this setup of tyson foods. and we have been correct. and after the close one of my absolute favorites. it is going to report and the put up a terrific set of numbers. but the yield the risk seems low....
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May 16, 2024
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. $7 billion stake in the company, 26 million shares, berkshire hathaway's ninth largest holding, stocks up 4% as a result. what is buffett's strategy? selling consumer names and buying an angel insurance, steady source of capital. might be considered like adam johnson. stuart: what about wayfarer? lauren: they opened up large brick and mortar stores, stock is up 3%. why would an online company be opening brick and mortar? the pendulum swung too far. when it comes to home decor and home-improvement shoppers want to see things in person, there you have it, online company opens their first brick and mortar. stuart: you've got to sit on the couch before you buy it. canada goose. >> major recovery in demand, 23% gain on stronger earnings report and the stock is down on the year. nice recovery today. stuart: thank you very much. speaker johnson said new york city is helping biden's lawfair strategy, a large area is being blocked up to give trump supporters a way. resident biden agreed to face-off and two debates before the november election. rfk junior says this undermines democracy. mark mer
. $7 billion stake in the company, 26 million shares, berkshire hathaway's ninth largest holding, stocks up 4% as a result. what is buffett's strategy? selling consumer names and buying an angel insurance, steady source of capital. might be considered like adam johnson. stuart: what about wayfarer? lauren: they opened up large brick and mortar stores, stock is up 3%. why would an online company be opening brick and mortar? the pendulum swung too far. when it comes to home decor and...
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May 2, 2024
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hathaway meeting is set to begin this weekend. let's show you the latest. the dow would open up 146 points higher nasdaq up 160 points higher. s&p 500 is up 30 points. that would be after this because stocks sky rocketed higher after jay powell's comments yesterday. the market gave back the gains
hathaway meeting is set to begin this weekend. let's show you the latest. the dow would open up 146 points higher nasdaq up 160 points higher. s&p 500 is up 30 points. that would be after this because stocks sky rocketed higher after jay powell's comments yesterday. the market gave back the gains
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May 1, 2024
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cnbc will bring you berkshire hathaway's annual shareholders meeting live from omaha live at 9:30 a.m. eastern time on cnbc. we'll be back right after this break. >>> welcome back to "worldwide exchange." it's time for your w.e.x. wrap-up. nypd arrested dozens of anti-palestinian protesters. police will remain on campus until at least may 17th, two days after the graduation. >>> starbucks reported a 4% drop in same-store sales led by a decline in china. stocks open at the lowest level since 2022. >>> microsoft opens a plant in thailand. this comes one day after the cio announced a $1 billion investment in ai at its cloud facilities. >>> pg&e plans to offer a minority stake to kkr. that's part of the utility company's strategy to reduce electricity rates, protect from wildfires and protect holdings. >>> viking raises $1.5 billion, making it the second largest u.s. ipo this year. >>> bitz coyne sharply bolo, falling $58,000. rate now trading at just about 57, down 4.5%. >>> several economic reports. another busy day of earnings from names like pfizer and qualcomm and the fed announces i
cnbc will bring you berkshire hathaway's annual shareholders meeting live from omaha live at 9:30 a.m. eastern time on cnbc. we'll be back right after this break. >>> welcome back to "worldwide exchange." it's time for your w.e.x. wrap-up. nypd arrested dozens of anti-palestinian protesters. police will remain on campus until at least may 17th, two days after the graduation. >>> starbucks reported a 4% drop in same-store sales led by a decline in china. stocks open...
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May 3, 2024
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. >>> berkshire hathaway's head director said ahead of the meeting this weekend means the board will not grant the warren buffett successor the same freedoms he was speaking to the lead up in the annual meeting in omaha the board enjoyed full ckc confidence with buffett. on a special programming note, tune in for the annual shareholder meeting on cnbc and cnbc.com becky quick and mike santoli will be live in omaha. >>> norges central bank says the policy will be maintained at this level for some time ahead the bank said inflation has dipped since march, but added the economy is stronger than forecast saying wage growth could turn out higher than projected. >>> coming up on the show, puig is set to have spain's hottest ipo in a dadece. stay with us for that. it makes iy and seamless pick an order print everything you need slap the label on ito the box and it's ready to go our cost for shipping, were cut in half just like that go to shipstation/tv and get 2 months free switch to shopify and sell smarter at every stage of your business. take full control of your brand with your own cust
. >>> berkshire hathaway's head director said ahead of the meeting this weekend means the board will not grant the warren buffett successor the same freedoms he was speaking to the lead up in the annual meeting in omaha the board enjoyed full ckc confidence with buffett. on a special programming note, tune in for the annual shareholder meeting on cnbc and cnbc.com becky quick and mike santoli will be live in omaha. >>> norges central bank says the policy will be maintained at...
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. >> berkshire hathaway sold its entire paramount steak at a loss but there are reports of paramount and did the exclusive negotiations with sky dance media entertaining other offers by a special committee including speaking with sony and apollo and cbs. stuart: micron technology a part of the bitcoin crypto area. >> micron is the chipmaker you think a micro strategy or marathon. >> mrs. number one or number two on s&p 500 there set to outperform they say the stock is going to 150 is that 120 now they added them to the top-selling conductor ideas. stuart: it probably looks like i'm wearing makeup. i am blushing. >> i was about to tell you what mercado libre is that i kept my mouth closed at an online marketplace i was not going to say that. stuart: coming up 7 million illegal migrants have entered the u.s. when biden took office. trump says if you'd reelected he will carry out the largest mass deportation in american history how feasible is trump's plan. we are all over israel has thousands of palestinians to evacuate eastern rafah the israeli army says they're preparing a limited sc
. >> berkshire hathaway sold its entire paramount steak at a loss but there are reports of paramount and did the exclusive negotiations with sky dance media entertaining other offers by a special committee including speaking with sony and apollo and cbs. stuart: micron technology a part of the bitcoin crypto area. >> micron is the chipmaker you think a micro strategy or marathon. >> mrs. number one or number two on s&p 500 there set to outperform they say the stock is...
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i took the opportunity apple rallied, while berkshire hathaway pulled back on the apple stake and a sold a bunch of apple stock, i took an opportunity to sell out of our apple position. i don't believe there's much great things on the horizon. the only thing we've got coming forward is really some tablet or ipad announcement that's coming out but at the end of the day, the phone cycle is not as robust as apple had desired. i'm more into things like microsoft, amazon, i think those stocks are under-valued especially if we get a rally. cheryl: before you go, really quick, i understand your daughter is going to penn, your son is serving in the idf. first off,er we're thinking about your children and all the kids that are out there in particular on college campuses. how is your daughter doing right now ? >> sheas a resilient -- she's a resilient one, i must say. she's an incredibly hard worker and she's making it through finals. i think as the majority of students are. but it's incredibly disruptive environment. to say the least. it is -- at times it's scary, at times very alienating and it'
i took the opportunity apple rallied, while berkshire hathaway pulled back on the apple stake and a sold a bunch of apple stock, i took an opportunity to sell out of our apple position. i don't believe there's much great things on the horizon. the only thing we've got coming forward is really some tablet or ipad announcement that's coming out but at the end of the day, the phone cycle is not as robust as apple had desired. i'm more into things like microsoft, amazon, i think those stocks are...
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May 10, 2024
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now, aon insured, a lot of reinsurer, and berkshire hathaway insurer, because of geico. but, what i will do is berkshire is the conglomerate, that is going to allow me to own aon, so we have conglomerate, insurance, text, drug, and now you could say, listen to him isn't that two tech? i regard this as consumer tech and this as business text, and therefore it is different and i thank you for the kind words. now, we are going to go to mike in my home state of pennsylvania. mike! >> hey, jim. thanks for having me. my five stocks are eli lilly, pettersen, uti, ford, nvidia, and united health. am i diversified? >> all right, all right, all right. well, ford motor finished under 1200 today, they have to do a buyback. eli lilly, we just covered them. the hall but that's all summers form relation we should hear about very soon. this is not the dental, but it is the boyle company. so, we have oil, we have tech, because we know nvidia, obviously. united health, doesn't conflict with lilly? this is a drug insurer, and this is a health company, but they trade together in the health
now, aon insured, a lot of reinsurer, and berkshire hathaway insurer, because of geico. but, what i will do is berkshire is the conglomerate, that is going to allow me to own aon, so we have conglomerate, insurance, text, drug, and now you could say, listen to him isn't that two tech? i regard this as consumer tech and this as business text, and therefore it is different and i thank you for the kind words. now, we are going to go to mike in my home state of pennsylvania. mike! >> hey,...
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May 7, 2024
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carol: we were all focused on this weekend over the annual meeting at berkshire hathaway, and warren buffett saying wall street creating -- do you agree with that assessment? ron: i think there's a concern about market valuations, and it's really a concern about a relatively small number of companies that are seeing lots of valuation expansion driven by things like ai in the belief in ai. a couple things i would say about that. if you take the s&p 500 index, which is cap weighted, and equal weight it, it's not that overvalued, and by the way, there's opportunities and a lot of other companies. you are talking about seven companies in the s&p 500. that would be point number one. point number two, which i do think we need to think about. i'm old enough to remember the advent of the internet. carol: not that old actually. ron: if you think about the mid to the late 1990's, there was that same kind of excitement and exuberance around a few companies. the internet was going to change everything and change everything right away. then 1999 and 2000 came. and we could find ourselves in a sit
carol: we were all focused on this weekend over the annual meeting at berkshire hathaway, and warren buffett saying wall street creating -- do you agree with that assessment? ron: i think there's a concern about market valuations, and it's really a concern about a relatively small number of companies that are seeing lots of valuation expansion driven by things like ai in the belief in ai. a couple things i would say about that. if you take the s&p 500 index, which is cap weighted, and equal...
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May 2, 2024
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hathaway, have you heard of it annual shareholder meeting is this saturday. cnbc will be there live coverage is 9:30 a.m. eastern time big coveragerom ah foma. "the exchange" is back after this you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. the all new godaddy airo. put your business online in minutes with the power of ai. ♪ (upbeat music) ♪ ( ♪♪ ) with the push of a button, constant contact's ai tools help you know what to say, even when you don't. hi! constant contact. helping the small stand tall. what is cirkul? cirkul is what you hope for when life tosses lemons your way. cirkul is your frosted treat with a sweet kick of confidence. cirkul is the effortless energy that gets you in the zone. cirkul, available at walmart and drinkcirkul.com. >>> welcome back closing arguments in the landmark anti-trust trial between the justice department and google started today the doj accusing google of abusing its power to maintain a monopoly in the business
hathaway, have you heard of it annual shareholder meeting is this saturday. cnbc will be there live coverage is 9:30 a.m. eastern time big coveragerom ah foma. "the exchange" is back after this you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. the all new godaddy airo. put your business online in minutes with the power of ai. ♪ (upbeat music) ♪ ( ♪♪ ) with the push of a button,...
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May 14, 2024
05/24
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buffett, for example, berkshire hathaway, the successful bets they made in japan, i'm pretty surprised they would be up double digits every year the past five given the sensitivity to the economy, the global economy that would likely have at a time the fed and other central banks are raising interest rates to the degree they did and how depressed that pushed the economy down for longer than ten minutes. >> right. but remember the metals in mining is probably 30% gold stocks in it. so that's been rising pretty steadily. steel stocks have been consolidating in recent years and gotten much more operational efficiency, much higher operational efficiency. and global demand has actually been improving the last two years. we're talking relatively recent outperformance just in the last two years. >> i understand but double digits every year for the past five. josh, anything jump out to you? surprise? insight? what do you think? >> so i was talking with my friend yesterday about how surprising some of these international charts are similar to japan. you have european banks, eufn, 52-week high.
buffett, for example, berkshire hathaway, the successful bets they made in japan, i'm pretty surprised they would be up double digits every year the past five given the sensitivity to the economy, the global economy that would likely have at a time the fed and other central banks are raising interest rates to the degree they did and how depressed that pushed the economy down for longer than ten minutes. >> right. but remember the metals in mining is probably 30% gold stocks in it. so...