0
0.0
May 6, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
buffett trimming the stake in april by 13%. buffett said that was for tax reasons. warren buffett said they would like to spend the cash, but has no plans to do so, unless there is an opportunity to make a lot of money. >> i don't think anybody is sitting at this table has any idea of how to use it effectively. therefore, we don't use it and we don't use it now at 5.4%. we wouldn't use it if it was at 1%. don't tell the federal reserve that. i prefer it. we only swing at pitches we like. it isn't like i have a hunger strike or something like that going on. it's just things aren't attractive and there's ways that can change. >> warren buffett praised jay powell for his work steering the economy, but the fedneeds help from congress to help with the deficit. we have aneka treon and barbara goodstein with us. good morning. barbara, i'll start off with you. i'll get your take. 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 a
buffett trimming the stake in april by 13%. buffett said that was for tax reasons. warren buffett said they would like to spend the cash, but has no plans to do so, unless there is an opportunity to make a lot of money. >> i don't think anybody is sitting at this table has any idea of how to use it effectively. therefore, we don't use it and we don't use it now at 5.4%. we wouldn't use it if it was at 1%. don't tell the federal reserve that. i prefer it. we only swing at pitches we like....
0
0.0
May 6, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
buffett says he expects it to remain so when greg abel takes over. buffett broke news on paramount. he told the shareholders that berkshire sold the entire stake of paramount. listen in. >> we sold. i was 100% responsibility for the paramount. it was 100% my decision. we sold it all and we lost quite a bit of money. i think i'm smarter now than i was a year or two ago. i also think i'm poorer because i acquired the knowledge i did. i just want to be clear that we lost money on paramount and i did it all by myself, folks. >> of course, that stock is down 9% year to date. "the new york times" is now reporting that sony and apollo is trying to acquire the company as the exclusive talks with skydance ended. warren buffett talked about the $360 billion portfolio as a whole and managing capital allegation once he is no longer in charge. >> knowing greg, i would just leave the capital allocation to g greg. he understands businesses extremely well. if you understand businesses, you understand common stocks. >> buffett went on to say you have to think strategically and think about big things
buffett says he expects it to remain so when greg abel takes over. buffett broke news on paramount. he told the shareholders that berkshire sold the entire stake of paramount. listen in. >> we sold. i was 100% responsibility for the paramount. it was 100% my decision. we sold it all and we lost quite a bit of money. i think i'm smarter now than i was a year or two ago. i also think i'm poorer because i acquired the knowledge i did. i just want to be clear that we lost money on paramount...
0
0.0
tv
eye 0
favorite 0
quote 0
liz: uh-oh. >> you're the expert on buffett. there is nobody better than you on buffett. liz: thank you. >> is this something you think he might do? do you think he would do this? liz: if i went inside of his mind, he looks at amazing companies that have a moat of competitiveness who are going through bad times. he always says, charlie, get the quarterback whose leg is in a sling in the hospital, not the one just won the super bowl. because that guy will go down but the guy in the sling will always get better. he wouldn't say no. he would definitely take the call i think and boeing is not going away. >> you answered my question. it's plausible. liz: plausible. >> and it's heating up it's heating up here around the watercooler so to speak. very expensive watercooler. they are high-end spring water, whatever they serve in l.a., your neighborhood. liz: that is my hood. go to nate andal's, get a westwood sandwich, turkey on rye. >> i will. i did already. liz: i turned him on to nate and al's. closing bell four minutes away. dow well off session highs but it is holding on to g
liz: uh-oh. >> you're the expert on buffett. there is nobody better than you on buffett. liz: thank you. >> is this something you think he might do? do you think he would do this? liz: if i went inside of his mind, he looks at amazing companies that have a moat of competitiveness who are going through bad times. he always says, charlie, get the quarterback whose leg is in a sling in the hospital, not the one just won the super bowl. because that guy will go down but the guy in the...
0
0.0
May 6, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
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...
0
0.0
May 3, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
in the buffett letter, that had gone out a couple of weeks ago, that's what he focused on. he talked about the railroad, having fallen in volumes. all right, that's a u.s. economy story, that's cyclical. he talked a little bit about some of the other types of things. the other negative is real estate. they had a $250 million settlement they had to pay. the important thing, scott, is that the businesses that berkshire both fully owns or invests in the equity of are amazing businesses, and when they're not, they sell, and when they are, they don't sell. and that's why you get the performance you've gotten over two years, five years, ten years, 60 years. it is very simple to me. >> michael, it is hard to think of this event and that's really what it is, it is an event without charlie munger, who passed recently. and it just -- it enables us, i think, to think about what the berkshire of the future is going to look like. the kinds of investments that they may make in the future. the void of mr. munger and what that means for warren buffett himself as he thinks about what the ne
in the buffett letter, that had gone out a couple of weeks ago, that's what he focused on. he talked about the railroad, having fallen in volumes. all right, that's a u.s. economy story, that's cyclical. he talked a little bit about some of the other types of things. the other negative is real estate. they had a $250 million settlement they had to pay. the important thing, scott, is that the businesses that berkshire both fully owns or invests in the equity of are amazing businesses, and when...
0
0.0
May 6, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
what we heard from warren buffett over the weekend. chicago fed president also will be says the latest u.s. jobs report gives him comfort that the economy is not overheating, but when it comes to rate cuts, he says he needs to see more data confirming inflation is under control. >> 175,000 is a very solid report. some of the root of our frictions here might be, there is kind of a day trader's timetable and there is an economic timetable. for setting monetary policy, of course, you have to take a longer arc view on inflation and employment. we are trying to figure out after the excellent dual mandate performance of 2023, where inflation fell almost as much as it has fallen on record, and it did so without a recession. how much can we continue that into 2024? we had a bump at the start of the year on the inflation front. now everybody has to take a step back and figure out is that a sign that the economy is overheating, or a sign of some other thing? the more jobs reports you get like this, where they are solid, but clearly moving back i
what we heard from warren buffett over the weekend. chicago fed president also will be says the latest u.s. jobs report gives him comfort that the economy is not overheating, but when it comes to rate cuts, he says he needs to see more data confirming inflation is under control. >> 175,000 is a very solid report. some of the root of our frictions here might be, there is kind of a day trader's timetable and there is an economic timetable. for setting monetary policy, of course, you have to...
0
0.0
May 3, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >>> all buffett all the time as we tee it up for the annual shareholder meeting. it is friday, may 3rd, 20t24. you are watching "worldwide exchange" here on cnbc. >>> good morning and welcome to "worldwide exchange." we are coming to you live from cnbc london. let's kickoff the hour with the stock futures after a positive session for stocks yesterday. the dow posted the best day since late march and nasdaq closed higher by more than 1%. it is all about the dow. the dow looking like it would open up 250 points higher. we cannot talk about the futures without talking about apple. shares are rallying in the pre-market and accounting for 65 points. the dow pre-market gains with apple shares up 6%. a blowout report. record share buyback. we will talk more about apple in a moment. we getting saet for the april jobs report to see if the fed can begin their easing campaign sooner than later. non-farm payrolls to come in at 240,000. look at the treasuries. the benchmark at 4.57%. it is down ten basis points from days. the two-year yield is 4.81% yield. >>> let's turn back
. >>> all buffett all the time as we tee it up for the annual shareholder meeting. it is friday, may 3rd, 20t24. you are watching "worldwide exchange" here on cnbc. >>> good morning and welcome to "worldwide exchange." we are coming to you live from cnbc london. let's kickoff the hour with the stock futures after a positive session for stocks yesterday. the dow posted the best day since late march and nasdaq closed higher by more than 1%. it is all about...
0
0.0
tv
eye 0
favorite 0
quote 0
right now the stock is struggling intraday, speaking of brookshire the buffett run conglomerate often seen as a proxy for u.s. economy because it's 17 plus businesses reflect just about every single sector was shares up to 30% after the company reported blowout first-quarter operating profits of 11-point to billion dollars that's a record by the way brookshire is looked at the proxy for the economy because it has everything from industrial to home-building, lending to jewelry to car dealerships under his wings the question is what do the earnings and buffets move to sell apple stock say about the near-term economy in the overall stock market let's get to the floor show, j.p. morgan chief u.s. economist michael m bullseye chief market strategist alan nachman. not all but a very large number of brookshire businesses show real growth and strength from the quarter from high-end to the jewelry to what people most can afford dairy queen, benjamin moore paint, sees chocolate, how valuable is brookshire as the temperature gauge of the whole economy. >> i think we know that the data through ap
right now the stock is struggling intraday, speaking of brookshire the buffett run conglomerate often seen as a proxy for u.s. economy because it's 17 plus businesses reflect just about every single sector was shares up to 30% after the company reported blowout first-quarter operating profits of 11-point to billion dollars that's a record by the way brookshire is looked at the proxy for the economy because it has everything from industrial to home-building, lending to jewelry to car dealerships...
0
0.0
May 5, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
why would they settle for warren buffett? >> but of course there is a big question as well as not just succession planning but also how they plan to spend the enormous cash pile because that grew in the latest reporting period and still, it is not being deployed. >> exactly. yet again, it hit a record at 189 billion dollars. and buffett explained that they just cannot find the kind of needle moving acquisition that they want to spend significant amounts of capital on and remember, buffett is known for these big-ticket deals but he's been struggling to find them in recent years and of course, the cash pile is thus built up. he actually said on saturday that in this uncertain world where geopolitical risks are bound and we are uncertain about the trajectory of rate cuts and inflation remains high, he is actually quite comfortable holding that big cash pile and he also said that if in this world that is more sort of complex and intertwined, more things can go wrong and this cash pile, having that already available in these situa
why would they settle for warren buffett? >> but of course there is a big question as well as not just succession planning but also how they plan to spend the enormous cash pile because that grew in the latest reporting period and still, it is not being deployed. >> exactly. yet again, it hit a record at 189 billion dollars. and buffett explained that they just cannot find the kind of needle moving acquisition that they want to spend significant amounts of capital on and remember,...
0
0.0
May 3, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
it raised questions of what berkshire hathaway will look like after warren buffett. those are the things that shareholders have been asking about and the types of things we see reflected in the media. big questions, obviously, thrown to warren buffett and greg abel and jane who will be on stage this weekend to answer those questions. we'll talk about those over the next few hours. some of the issues surrounding berkshire. these are issues that warren buffett was direct about in his annual letter to shareholders. he laid out the disappointments they have seen. bnsf was a disappointment on earnings. earnings dropped significantly from a year ago. buffett laid out how its railroad has fallen behind the other five major north american railroads in terms of margins. he talked about bhe. 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 wi
it raised questions of what berkshire hathaway will look like after warren buffett. those are the things that shareholders have been asking about and the types of things we see reflected in the media. big questions, obviously, thrown to warren buffett and greg abel and jane who will be on stage this weekend to answer those questions. we'll talk about those over the next few hours. some of the issues surrounding berkshire. these are issues that warren buffett was direct about in his annual...
0
0.0
May 3, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
buffett, as you said, he's aging. at some point there will be a succession here, the person who follows them will probably want to put their own mark on the company. how do they get out of it? it seems like a hotel california of trades, if you will. >> yeah, to some extent, but i think his successors think about it more than he does. they are the ones who put the original research into identifying apple. to his credit, not only did he get on board, but ramped it up, put it in on side, and again he's been very careful and wary of tech his whole career. to make the greatest investment is pretty impressive. yeah, it's almost impossible for them to dump it, unless they do it slowly over time. >> there are few 589 tiffs. it seems like a lame sort of reason to stay. when you're talking about the disparity in the s&p 500, you would think there are values out there to be had in various sectors. this is exactly the kind of market that warren buffett should thrive in theoretically? >> there are alternatives. charlie munger, i g
buffett, as you said, he's aging. at some point there will be a succession here, the person who follows them will probably want to put their own mark on the company. how do they get out of it? it seems like a hotel california of trades, if you will. >> yeah, to some extent, but i think his successors think about it more than he does. they are the ones who put the original research into identifying apple. to his credit, not only did he get on board, but ramped it up, put it in on side, and...
0
0.0
May 6, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
warren buffett doing the same thing. how have you interpreted a company such as apple's results and the growth trajectory of a business like that? >> apple is a consumer utility, and one of the things about apple is they have been slower in adopting this ai cycle. the hope is that at some point they will catch up and be a fast follower, which we strongly believe they will, but in the near term, there are other companies more immediately investing in and procuring ai type revenues that is propelling growth. caroline: ok, let's talk through some of those names. we heard from alphabet, amazon, meta. are they building the reward in return for that investment from your perspective? ankur: absolutely. it is the number one thing we have been looking at through the earnings season, capex, how these committees are spending their capex. we expected them to have a big capex number through 2024, and they are even talking about 2025. this to us is the leading indicator of what is to come in ai because they would not be building this
warren buffett doing the same thing. how have you interpreted a company such as apple's results and the growth trajectory of a business like that? >> apple is a consumer utility, and one of the things about apple is they have been slower in adopting this ai cycle. the hope is that at some point they will catch up and be a fast follower, which we strongly believe they will, but in the near term, there are other companies more immediately investing in and procuring ai type revenues that is...
0
0.0
May 6, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
i mean, there's only one warren buffett, right? he gets an awful lot of patience from his investor base. a lot of these other guys are just selling, selling, selling, it would never be in their ability to actually admit a mistake, because god forbid that might hurt their ability to market and raise more money. warren's not worried about that. he likes to play risk arb sometimes. he did it on activision 2. i wondered what in the world he was thinking, and i guess he wonders as well. every so often, he makes a bad move. you remember the airlines. >> right. i tend to want to forget the bad moves, given the fact that i see so many managers making bad moves that never admit it, versus this fella, who is so public in what he does. for him to admit it is actually just showing you how much humiliate he has. he could just say, look, i bought apple when nobody else bought apple. i took a little profit from apple because it was too big. david, no one did that. and i think that i can forgive paramount, and i can forgive the airlines, given the
i mean, there's only one warren buffett, right? he gets an awful lot of patience from his investor base. a lot of these other guys are just selling, selling, selling, it would never be in their ability to actually admit a mistake, because god forbid that might hurt their ability to market and raise more money. warren's not worried about that. he likes to play risk arb sometimes. he did it on activision 2. i wondered what in the world he was thinking, and i guess he wonders as well. every so...
0
0.0
May 6, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
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 because of fundamentals but because with the commitment to buybacks they put a floor under the stock price and the latest announcement is supported by free cash flow, so we think you on this stock for the fundamentals, less overgrowth, but it is the defensive name now and we consider it one of our defensive holdings. that is why we continue to own it. katie: th
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....
0
0.0
May 11, 2024
05/24
by
FBC
tv
eye 0
favorite 0
quote 0
. >> this is blockbuster courtesy of warren buffett and short-term treasury bills like equivalent currently yielding about 5% and you get a little nice tax break because interest is exempt from state and local taxes and you could buy it through treasury direct or an easier exposure like bil. >> i'm a gambler i might go for the two-year and get five plus percent as well. >> this guy back from vegas. >> another buffett pick although we picked up 40 or 50 years ago. >> a larger gain to sell if he wants to but i'm looking at coca-cola the stock is on the move which kinda surprises me because at this date stock again 1.8%, staples are doing well, it's gotten a boost from its earnings where it shows strong organic growth, up 11% when the consensus was 7% in the worries that the dollar is too strong, coke does a lot of business outside of the u.s. but if the dollar stop goes we up it becomes another tailwind for coke, i would expected to keep making a run it's almost a year so i'm just going to say hey, have a coke and a smile. >> unlike buffett is this a trade or hold forever. >> not a lot of gro
. >> this is blockbuster courtesy of warren buffett and short-term treasury bills like equivalent currently yielding about 5% and you get a little nice tax break because interest is exempt from state and local taxes and you could buy it through treasury direct or an easier exposure like bil. >> i'm a gambler i might go for the two-year and get five plus percent as well. >> this guy back from vegas. >> another buffett pick although we picked up 40 or 50 years ago....
0
0.0
tv
eye 0
favorite 0
quote 0
buffett sold 13%. he still owns gobs of it. >> he is repositioning in may. >> he is talking about repositioning tesla. would you do that? >> coming up to the end of the best eight months for nasdaq which runs through june. i think both apple and tesla have some issues with china. i am not jumping. i still hold the cues i'm not jumping at tesla. charles: overall tech in general >> yes, sir. charles: leading the day again. all right, folks, u.s. french and british bonds in for a rude awakening. they will have the same fate or could as the turkish bonds. that is next. ♪ [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 (traffic noises) (♪) the road to opportunity. is often the road overlooked. (♪) at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forwar
buffett sold 13%. he still owns gobs of it. >> he is repositioning in may. >> he is talking about repositioning tesla. would you do that? >> coming up to the end of the best eight months for nasdaq which runs through june. i think both apple and tesla have some issues with china. i am not jumping. i still hold the cues i'm not jumping at tesla. charles: overall tech in general >> yes, sir. charles: leading the day again. all right, folks, u.s. french and british bonds in...
0
0.0
May 13, 2024
05/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
buffett also said it doesn't bother him to pay taxes. it's been very clear, the president said he will not raise taxes on anyone making less than $400,000. that is what the president said. warren buffett pretty much agrees with us. we agree with him. this is very different than what republicans want to do. they put out their plan, what they want to do. they want to cut social security, medicare, medicaid, give tax breaks to billionaires and corporations. we don't agree with this. we want to continue to make sure we are lower costs for american families, whether it is big pharma, fighting big pharma, lowering health-care costs, making sure we go after corporations, as you hear us talk about junk fees. those are the ways that we want to move forward. >> increasing taxes to pay the debt? >> let's be clear, on billionaires and big corporations, who warren buffett himself said, as you asked me about warren buffett, he said that they are under taxed. that is something the president agrees on. he believes that if we can do that, tax corporation
buffett also said it doesn't bother him to pay taxes. it's been very clear, the president said he will not raise taxes on anyone making less than $400,000. that is what the president said. warren buffett pretty much agrees with us. we agree with him. this is very different than what republicans want to do. they put out their plan, what they want to do. they want to cut social security, medicare, medicaid, give tax breaks to billionaires and corporations. we don't agree with this. we want to...
0
0.0
May 18, 2024
05/24
by
FBC
tv
eye 0
favorite 0
quote 0
buffett has been selling a lot of stocks in the last quarter he was trimming apple and getting out of hp and paramount but it's a business he knows very well in brookshire has been involved for 50 or 60 years and is probably the best run most profitable leader in the pnc business. >> will he buy the whole enchilada crymac that's an interesting question i think you might like to buy a and is an elephant size acquisition that he's been seeking in vain and it valued $100 billion in brookshire has 200 billion of cash to play with and i think it be a good strategic fit for brookshire to make financial sense. is he interested in is seller both companies won't comment but intriguing confidentiality he turns 94 in august we doesn't have a lot of time to pull off the big deal. andy: great stuff the global economy is limping along with rapid government spending is skyrocketing that world bank david malpass' warning about the risk and what can be done to im (traffic noises) (♪) the road to opportunity. is often the road overlooked. (♪) at enterprise mobility, we guide companies to unique sol
buffett has been selling a lot of stocks in the last quarter he was trimming apple and getting out of hp and paramount but it's a business he knows very well in brookshire has been involved for 50 or 60 years and is probably the best run most profitable leader in the pnc business. >> will he buy the whole enchilada crymac that's an interesting question i think you might like to buy a and is an elephant size acquisition that he's been seeking in vain and it valued $100 billion in...
0
0.0
May 16, 2024
05/24
by
FBC
tv
eye 0
favorite 0
quote 0
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 meredith has a report on that next. ♪ after advi
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:...
0
0.0
May 16, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
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...
0
0.0
May 16, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
and of course buffett's big surprise, revealing a secret minority stake in one of the market's biggest insurers. >>> s&p closes above 5,300 first time and the dow does inch closer to 40,000, jim. you said this morning, overbought, but things can remain overbought for a while. >> when it gets this overbought, when there's so many different buyers, and we have had this a couple times, bill paul does the great work for the oscillator, you can actually have a sustained churn, flop and chop. it doesn't plummet if you're up at these levels. it kind of just marks time. now, we did have one of these last year where we came in, the first couple days, nvidia got slammed, the big momentum guys got slammed. then, they came right back. i know it sounds odd, but you can get to an exalted level like we are now and have some rotation internally, but it's not like when we're like plus 5, 6, really fast and then boom. i know -- i don't want to be complacent, but when you see a walmart, and you come in and that's the leader, and then the leader yesterday was the industrials. the leader before that were t
and of course buffett's big surprise, revealing a secret minority stake in one of the market's biggest insurers. >>> s&p closes above 5,300 first time and the dow does inch closer to 40,000, jim. you said this morning, overbought, but things can remain overbought for a while. >> when it gets this overbought, when there's so many different buyers, and we have had this a couple times, bill paul does the great work for the oscillator, you can actually have a sustained churn,...
0
0.0
May 6, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
buffett saying we lost quite a bit of money. it was obviously a dud for them. for you, misery loves company. >> misery loves company. >> but at least they sold it. >> relentless. >> what did you want me to say? >> i think -- stop trying to make me laugh. this is the truth. the exclusive period where skydance ended on friday, i am not a fan of the deal. we don't know the details so it's hard to say what the b shares would get. looks like something, 17 to $21 a share. they are considering it. look, there's an x factor i can't quantify. it's the controlling shareholder, sherri redstone. >>> let's talk grayscale bitcoin trust. up since january. bryn, you own it, right? >> yeah. for a little bit longer. i mean, i think ultimately with grayscale, it's existential. i would have expected them to bring it down so much more than the original 2%. i think that investors going forward for our clients that joined gbtc, we moved them to i-bit. i will be doing the same thing, and we have to say 150 is too expensive when blackhawk is at 25. there's a reason we don't have 10 gld
buffett saying we lost quite a bit of money. it was obviously a dud for them. for you, misery loves company. >> misery loves company. >> but at least they sold it. >> relentless. >> what did you want me to say? >> i think -- stop trying to make me laugh. this is the truth. the exclusive period where skydance ended on friday, i am not a fan of the deal. we don't know the details so it's hard to say what the b shares would get. looks like something, 17 to $21 a...
0
0.0
May 8, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
buffett foundation chairman and ceo, next. this is bloomberg. how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. sonali: this is bloomberg markets and i am sonali and defd then on the front line it is ready to go off. every single day ukraine is losing a bit of ground, not very much, but it has been consistent and there is a simple reason for that because they have run very low on ammunition because europe had not been supplying everything they had been offered to supply in the united states spent five or six months arguing whether to provide additional assistance. sonali: if you had the conversation with a president or congress at this point, what with that conversation look like and how receptive has congress been to having a conversation with you and the foundation? >> i talked to a few people when they contact us and we try to stay out of the politics o
buffett foundation chairman and ceo, next. this is bloomberg. how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. sonali: this is bloomberg markets and i am sonali and defd then on the front line it is ready to go off. every single day ukraine is losing a bit of ground, not very much, but it has been consistent and there is a...
0
0.0
tv
eye 0
favorite 0
quote 0
. >> elon musk says warren buffett should buy tesla stock. it already owns telsa rival, byob and buffett at the meeting make comments about full self driving and robo taxis and buffett said if the technology works and we cut the accident rate by 50% that is great for society but really bad for my business so elon musk is having fun saying buy tesla shares. >> the stock is up 2% not bad at all. >> 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 lib
. >> elon musk says warren buffett should buy tesla stock. it already owns telsa rival, byob and buffett at the meeting make comments about full self driving and robo taxis and buffett said if the technology works and we cut the accident rate by 50% that is great for society but really bad for my business so elon musk is having fun saying buy tesla shares. >> the stock is up 2% not bad at all. >> berkshire hathaway sold its entire paramount steak at a loss but there are...
0
0.0
May 1, 2024
05/24
by
KQED
tv
eye 0
favorite 0
quote 0
. >> howard buffett is the 69-year-old son of billionaire investor warren buffett who is getting much of his fortune to his children's charitable foundations. howard has focused substantially on food security. >> owns all the places we have worked where we have seen really got conflict, i can tell you that one denominator is people are not getting the food they need to get. >> in addition to unsettled conflict and weather, he says the conflict has few temperate zones ideal for stable crops and systems to transport, store, and market food are also insufficient. rwanda, with political instability, was a good place to start building a system, he says, but daunting nonetheless. >> most of the entire country is made up of small, local farmers. if we can get it right in rwanda, we can get it right anywhere. >> rwanda has a landmass about the size of new hampshire with up to 10 times the population, about 13 million people. despite progress that has been made at slowing the growth rates, the population is expected to double by 2015. >> not all of your students are going to become jobseekers.
. >> howard buffett is the 69-year-old son of billionaire investor warren buffett who is getting much of his fortune to his children's charitable foundations. howard has focused substantially on food security. >> owns all the places we have worked where we have seen really got conflict, i can tell you that one denominator is people are not getting the food they need to get. >> in addition to unsettled conflict and weather, he says the conflict has few temperate zones ideal for...
0
0.0
May 15, 2024
05/24
by
FBC
tv
eye 0
favorite 0
quote 0
stuart: and roaring kitty isn't a bit like warren buffett. lauren: i agree. stuart: coming up, hunter biden's federal gun trial begins next month if after the judge refused to delay it. how's this all going to play out? we'll ask former florida attorney general pam bondi. >>> president biden moving forward with planses to send a billion dollars 'of weapons and ammo aid to israel. is this a shift in president biden's attitude or policy towards israel? if victor davis hanson shares his insights after this. ♪ daughter: hey, dad. dad: hey, sweetheart. daughter: what are you doing? dad: i'm gonna clean the fence. daughter: it's a lot of fence. dad: you wanna help me? dad: aim at the wall, but get closer. daughter: (gasps) what the?! daughter: alright. dad: side to side. when you work with someone who knows a lot and cares even more... you can do this. ...you're unstoppable. (♪) wow... are you kidding me? you can do this. at truist, we believe the same is true for banking. before planning the big trip you were limping thanks to a bad knee. then, you heard about
stuart: and roaring kitty isn't a bit like warren buffett. lauren: i agree. stuart: coming up, hunter biden's federal gun trial begins next month if after the judge refused to delay it. how's this all going to play out? we'll ask former florida attorney general pam bondi. >>> president biden moving forward with planses to send a billion dollars 'of weapons and ammo aid to israel. is this a shift in president biden's attitude or policy towards israel? if victor davis hanson shares his...
0
0.0
May 6, 2024
05/24
by
KTVU
tv
eye 0
favorite 0
quote 0
, 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 crates. it is a first of its kind travel experience prioritizes your dog's comfort. if you buy a ticket, you'll get on board pet meetups treats for both you and your dog. as your dog sits right next to you. bach air's first flight takes off from new york may 23rd. definitely not for everyone right now. one way tickets are $6,000 for you and your pup. for now, bach air flies between new york and la and n
, 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...
0
0.0
May 6, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
i think about what's going on in the evs, and i'm hard-pressed to think -- if i was warren buffett, i would take $100 billion and invest in spacex, because to me, that's still a very untapped -- if you believe in what elon musk is able to do in each one of these verticals that he's basically applied his, you know, his know-how to, i think the tesla story is much less interesting, and, again, a lot of investors, you just look at the valuation of tesla, some of the other companies, they're really making a bet on him. i would rather bet on him in space and starlining and these other things than tesla right now, because, you know, berkshire's made their bet on byd. they think why that is going to be the market. and i don't know about you, but elon didn't give me greater confidence about them doing a mass market car, so, again, not something i think that berkshire would do any time soon. >> ah, yeah. i tend to agree. i'm actually surprised that he suggested he might, or should, invest in some of the others. kudos to you in finding a way to create an alliance between the two of them. i don'
i think about what's going on in the evs, and i'm hard-pressed to think -- if i was warren buffett, i would take $100 billion and invest in spacex, because to me, that's still a very untapped -- if you believe in what elon musk is able to do in each one of these verticals that he's basically applied his, you know, his know-how to, i think the tesla story is much less interesting, and, again, a lot of investors, you just look at the valuation of tesla, some of the other companies, they're really...
0
0.0
May 6, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
jonathan: hasn't warren buffett been holding too much cash for a long time now? marc: i don't know. i was looking at a study of 70 years of stock market performance and how many stocks the u.s. market was outperformed by. i'm not so sure that this is too much cash. i know that people like myself are for the first time buying from fixed income and taking are my out of the banks which are paying is hardly any interest rate. jonathan: great to catch up, it has been too long. what it would take just at the end to unlock some of the cash in money market funds. payroll on friday, $175,000. that with the smallest gain. slowest pace of growth in nearly three years. i think a few of us were distracted by payroll, but services really disappointed. the sector unexpectedly contracting in april for the first time since 2022. four year low, measure of input costs moving in the wrong direction. friday wasn't a great day for economic data. annmarie: i don't want to say the s-word, stag. i don't see stag and i don't see flation, so stop kidding yourselves, but there was that feeling of slowing growt
jonathan: hasn't warren buffett been holding too much cash for a long time now? marc: i don't know. i was looking at a study of 70 years of stock market performance and how many stocks the u.s. market was outperformed by. i'm not so sure that this is too much cash. i know that people like myself are for the first time buying from fixed income and taking are my out of the banks which are paying is hardly any interest rate. jonathan: great to catch up, it has been too long. what it would take...
0
0.0
May 7, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
i think it's really well positioned and then you hear about warren buffett over the weekend talking about a.i. and how there's going to be -- there's a.i. increases the risk of scamming and i see this in a normal everyday life all the time, the risk there i think having exposure in the space is extremely important, and then we talk about crowdstrike more specifically, they have beat earnings -- eps and revenue -- oeight of the las quarters i'm excited to be an owner of crowdstrike now. >> interesting you're joining the club, so to speak. josh brown, you've been in this name a long time what do you make of the move right here >> well, i obviously agree with it i've been long this name since the summer of 2020 it's up 400% it is the best performer of the larger cap security names. i believe that quality in the space matters. i don't think there are going to be ten relevant companies for very much longer, because if you're a fortune 500 company or you're a large governmental body or a municipal agency, if your reputation is on the line, ultimately you will end up choosing the highest quality
i think it's really well positioned and then you hear about warren buffett over the weekend talking about a.i. and how there's going to be -- there's a.i. increases the risk of scamming and i see this in a normal everyday life all the time, the risk there i think having exposure in the space is extremely important, and then we talk about crowdstrike more specifically, they have beat earnings -- eps and revenue -- oeight of the las quarters i'm excited to be an owner of crowdstrike now. >>...
0
0.0
May 6, 2024
05/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
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 cancellations. that is expected to cost qantas an additional $13 million. now, in a few hours' time, we will
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...
0
0.0
May 5, 2024
05/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
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 boost domestic amounts, in particular private consumption should hold up, but also government spending should do well — this is all because of
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...
0
0.0
tv
eye 0
favorite 0
quote 0
coming up, warren buffett issue ago big warning about artificial intelligence. why he's comparing that technology to the awetomic b omber. saturday night live taking aim at anti-israel college protests roll it. >> like a rabbit having it in class. let me find out she's in one of them damn tents instead of the dorm rooms i pay for. not talking about free this and free that. i tell you what isn't f ree: collum columbia. i tell you that. stuart: joe concha having more on that after the break. ♪ stuart: two hours worth of business and big gain in horning in the nasdaq and up 104 points. got it. now, big tech all over the place but mostly higher this morning. i do have alphabet and apple on the downside. me taxer microsoft, amazon small gains and meta up $6. bitcoin, where are we now? $63,385 per coin. tonight is the met gala and one of the biggest nights in f ashion. why is this year's event so controversial, lauren? lauren: tiktok is sponsoring it and very strange fellows and the elegant editor of vogue and the fashion magazine and it's embarrassing a technology
coming up, warren buffett issue ago big warning about artificial intelligence. why he's comparing that technology to the awetomic b omber. saturday night live taking aim at anti-israel college protests roll it. >> like a rabbit having it in class. let me find out she's in one of them damn tents instead of the dorm rooms i pay for. not talking about free this and free that. i tell you what isn't f ree: collum columbia. i tell you that. stuart: joe concha having more on that after the...
0
0.0
May 3, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
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 custom store. scale faster with tools that let you manage every sale from every channel. and sell more with the best converting checkout on the planet. a lot more. take your
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...
0
0.0
May 6, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
and who better to emulate than warren buffett. in honor of his annual shareholder meeting, this will be a brookshire addition. with us is the chief investment officer. up first, apple, it showed the value of the stock holding was down 22%, but he said he's not bailing. he did sell for tax reasons shares of apple are down. >> for me, we bounced off the 165 level and i think you have room to run to the 0.02. right now interesting how far off the high-frequency data in cell phone sales were down 20%. it was not that bad. they have an event tomorrow and relaunching the new ipad. it's been two years since they've had a new one. and they finally figured out that maybe they should care about ai and introduce more features. i could see much faster replacement cycle this fall assuming they come out with new models investors want, which is a solid assumption. >> what about paramount global? this is when he said he took a loss on it. shares of paramount are up 3%. what is your take?>> i think you will be jerked around with the news. i think
and who better to emulate than warren buffett. in honor of his annual shareholder meeting, this will be a brookshire addition. with us is the chief investment officer. up first, apple, it showed the value of the stock holding was down 22%, but he said he's not bailing. he did sell for tax reasons shares of apple are down. >> for me, we bounced off the 165 level and i think you have room to run to the 0.02. right now interesting how far off the high-frequency data in cell phone sales were...
0
0.0
May 3, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
warren buffett loves it. and he has his wise to that. he is going to hold on to the stock. 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
warren buffett loves it. and he has his wise to that. he is going to hold on to the stock. 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...
0
0.0
tv
eye 0
favorite 0
quote 0
>> i don't think mister buffett has dug into our spending as a nation. we are spending $240 billion a year on wasteful and fraudulent spending within entitlements, and that is over the ten year budget window, more than the entire russian economy. that's one area. we are having a hearing tomorrow on the cost of the border chaos. it is one hundred $50 billion. it is healthcare costs. education costs. criminal justice costs. i would suggest this government is too big and the spending which is over $6 trillion and a third of which is borrowed, $2 trillion a year will double in 10 years, interest rates are the third-largest expenditure item in the budget and that is $870 billion which is more than we spent on national defense. i suggest our spending is out of control which is driving the unsustainable debt and we have to address the insolvency and unsustainability of those important safety nets for seniors you mentioned earlier. neil: donald trump said he's not too keen on going after entitlements even though at another event he did talk about down the road w
>> i don't think mister buffett has dug into our spending as a nation. we are spending $240 billion a year on wasteful and fraudulent spending within entitlements, and that is over the ten year budget window, more than the entire russian economy. that's one area. we are having a hearing tomorrow on the cost of the border chaos. it is one hundred $50 billion. it is healthcare costs. education costs. criminal justice costs. i would suggest this government is too big and the spending which...
0
0.0
May 21, 2024
05/24
by
FBC
tv
eye 0
favorite 0
quote 0
>> jamie diamond and going at these -- jamie dimon and warren buffett on these hundreds of billions of cash and can't find a place to invest it and that can be a real confusing message for people at home. warren buffett has been negative on the markets for the last five decades and fully invested and worth over $100 billion personally investing at that time and anybody watching at home and shouldn't listen to headlines and time the market as well. people should be investing in the markets and he shows you that it's too high. stuart: that's your point. always be invested in the market. >> yes. stuart: trying to time it, just do it. >> the side piece is the mistake people make is they hear something like a jamie dimon and i'm not going to sell. if they do sell, it may correct 5%. 10% before it moves to more new highs and going today and you see a lot of individual investors and no time or try it. stuart: earnings report and the department store and one of the performances of the consumer. >> the consumer and the earnings number and the consumer is out there and spending money and the con
>> jamie diamond and going at these -- jamie dimon and warren buffett on these hundreds of billions of cash and can't find a place to invest it and that can be a real confusing message for people at home. warren buffett has been negative on the markets for the last five decades and fully invested and worth over $100 billion personally investing at that time and anybody watching at home and shouldn't listen to headlines and time the market as well. people should be investing in the markets...
0
0.0
May 7, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
and i don't own things for 20 years, and i wish i was warren buffett, and we did cut that position and a lot of other positions in late march. i just need a break. we have had -- we have had a hell of a run, and a lot of what we recognized has become recognized by the marketplace now. we expected powell to come back and repivot, which he subsequently did no, long-term, we're as bullish on ai as we ever have been if we were sitting here in 1999 talking about the internet, for anybody who was talking about it, i don't think anybody would have estimated it was as big as it got in 20 years we didn't have the iphone or uber or facebook, yadda, yadda and yet if you bought the nasdaq in '99, it went down 80% before that all came to fruition. that's not going to be ai, and it could crrhyme with all the capital spending we are going to do the big payoff might be four to five years from now, and ai could be a little over hyped now but under behind long-term >> what you just did with nvidia, that's what buffett did with apple, and he thinks tim cook is great. >> yeah, well, i will be very surpris
and i don't own things for 20 years, and i wish i was warren buffett, and we did cut that position and a lot of other positions in late march. i just need a break. we have had -- we have had a hell of a run, and a lot of what we recognized has become recognized by the marketplace now. we expected powell to come back and repivot, which he subsequently did no, long-term, we're as bullish on ai as we ever have been if we were sitting here in 1999 talking about the internet, for anybody who was...
0
0.0
May 16, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
>>> we had the latest round of 13 f filings in the united states with warren buffett's bertha berkshire hathaway confirming that the $6.6 billion bet is on the insurance grouped chubb. that has driven the share up 10% in the pre-market. and alibaba and starboard value is sticking to its guns on go daddy. leslie picker filed this report. >> reporter: chubb shares spiking after the revelation that berkshire is the long awaited mystery pick in the 13f filing. berkshire hathaway disclosing that stake of $6.7 billion at the end of q1 which is 25.5 million shares. we have been tracking the position in q3 and q4, but the s.e.c. decided to give the furthfirm a waiver to keep it confidential. we learned the mystery name is chubb and the ninth biggest holding for berkshire hathaway. not so interesting is the berkshire stake in paramount. warren buffett said it did sell the entire stake at a loss. 8 t 88% of that was pared back in the first quarter. berkshire sold hp in the first quarter. not big by berkshire standards, but noteworthy. other news is selling 500,000 shares of building materials lou
>>> we had the latest round of 13 f filings in the united states with warren buffett's bertha berkshire hathaway confirming that the $6.6 billion bet is on the insurance grouped chubb. that has driven the share up 10% in the pre-market. and alibaba and starboard value is sticking to its guns on go daddy. leslie picker filed this report. >> reporter: chubb shares spiking after the revelation that berkshire is the long awaited mystery pick in the 13f filing. berkshire hathaway...