it is 5:00 a.m. here at cnbc global headquarters and here's your "five@5." we start with getting the november rally back on track. futures right now, they are in the green. also this morning we are remembering charlie munger as tributes pour in for the late berkshire hathaway chair. the fed may start pulling back on its tightening policy.

plus, let's make a deal. mark cuban selling a portion of his stake in the dallas mavericks. and end of the road. apple apparently wants to pull the plug on its partnership with goldman sachs. it's wednesday, and you're watching "worldwide exchange" right here on cnbc. ♪ good morning. welcome back to "worldwide exchange." i'm frank holland. we kick off the hour with a check of u.s. stock futures after the markets were abe toll squeeze out some gains yesterday. right now you're seeing a pretty strong move to the upside in the futures. it's early. it looks like the dow would open up more than 100 points higher. the s&p and nasdaq both firmly in the green this morning. we'll continue to watch the futures all morning long. we're also checking the bond market, taking a look at the

benchmark yield. we've seen it come down in recent days. we also watch oil ahead of tomorrow's opec plus oil meeting. we're seeing oil up 1%. brent crude also up 1%. right now some of this action we're seeing is on reports from reuters that group members continue to hold talks for policy next year, adding another delay for the meeting is not expected. again, you're seeing a strong move to the upside. wti and brent more than a percent higher. we continue with your morning munchak. we're also watching the dollar. it's continuing to slide along with treasury yieldings on growing expectations the fed is done with policy tightening and may cut rates next year. and billionaire investor bill ackman. it's now believed a potential rate cut could come in as soon as the first quarter.

with more on this, let's bring in vince. good morning. >> good morning. >> what do you think about seeing cuts as soon as q1? agree or disagree? >> agree. that's kind of the perspective we've had at clough capital right now. we're not sure people can handle the inflation hikes for a long time. the growth issues that are occurring in the economy may cause it to happen sooner than later due to some of the charge-offs and write-offs and delinquencies we're seeing. we think the rates will have to go down sooner rather than later and that puts us in the big ackman camp this morning. >> how does that shape your wroder view of not only equities

but also bonds? >> good question, frank. what we're trying to do at clough capital is perform fundamental research. we'retive managers. rewrite now we're in a position to play offense and defense. so despite some of the concerns of the economy slowing, we think there are really interesting areas to be long in the eck request i the i markets. we can find dynamic growth-type stories. specifically it's underperformed greatly for several years, so we're able to play offense with equities that have been beaten down. we all know the faang dynamic or magnificent seven that have carried the s&p higher. the way we play offense and defense with a bit of a hedge fundamentalty is to own defend as well. we can own defensive lodge

positions like gold miners and utilities. and we have a short book. that's a wonderful way, we think, to play defense as potentially market prices decline in some areas of the economy. >> you lead me into this. we want to talk about this etf. it has long and short positions. i want to focus on the short positions for a minute. you talked about it for a second. best buy and big box are consumer-facing. the fact that they're short, how should people view on your view of the consumer and consumer spending? >> that's really the overlap of our broad market view that it's under some pressure. consumers out of covid have spent out of the excess savings. now they have higher interest rates on auto loans and

mortgages. so we're looking for areas of the economy where the consumer might take down credit to make purchases and they did that. if you look at harley or pull core. now we think the sig managements of the economy might be under some pressure. some of the positions you mentioned there -- by the way, we list all of our holdings and they do change. we see it in the consumer landscape and the credit industry. >> got it. looking for companies with recurring revenues. great to see you as always. >> thank you. we are following a developing story this morning. the investment business world paying their respects to berkshire hathaway's vice president charlie munger. the company is announcings yesterday that munger passed away at 99 years old. he was only about a month away from his 100% birthday.

he's being remembered as an investment genius. buffett saying in part, quote, berkshire hathaway could not have been built to its present status without charlie's inspiration, wisdom, and participation. our becky quick has more on the life and legacy of charlie munger. >> charlie munger was best known as warren buffett's right-hand man, their investment partnership dating back decades. >> i would say every time i'm with charlie, i've got at least symptomatic new slant on an idea that causes me to rethink certain things, and we've had absolutely -- we've had so much fun in the partnership over the years. >> it's been almost hilarious, it's been so much fun. >> buffett credits him for teaching him. >> when he would lead me away from buying very so-so prices at very cheap prices knowing there was some o profit if there it

and look at wonderful businesses. >> it's not that much fun to buy a business where you really hope this sucker liquidates before it goes broke. >> the willingness to pay for quality paid off and deals like their 1972 purchase of see's candies and their decision in the late 1980s to buy a substantial stake in coca-cola. before his investment days, munge mo munger owned his own investment company and a law firm. munger like buffett grew up in omaha, nebraska, and as teenagers, they both worked at buffett's grandfather's grocery store, but not at the same time. it wasn't until buffett was in his late 20s and munger was in his late 30s that they had dinner together with mutual

friends. >> charlie was on the floor laughing at his own jokes and i was doing the same thing. >> reporter: buffet urged munger to trade in law for investing. >> i met charlie and he told me he practiced law. i told him it was a great hobby but a horrible business. >> fortunately i listened. >> reporter: from 1972 until 1985 munger's investment partnership earned 19.8% return versus 5% for the dow. it wasn't until 1998 that he joined buffett's firm. he was a major influence on buffet from the time they first met helping berkshire hathaway grow into a con grom let that owned dairy queen, delco. he was chairman of wesco financial from 1984 until 2011

when it was totally assimilated into berkshire. during those years he was known for his deadpan humor and straight-shooting style at shareholder meetings where he interacted at length with his investors. after wes co-he moved his show and a growing collection of fans to another company where he remained chairman, the daily journal. >> charlie, one of my favorite lines from you is you want to hire the guy with the iq of 130 who thinks it's 110 and the guy who has 130 and thinks it's 150 will just kill you. >> you must be thinking of elon musk. >> he brought his blistering one-liners to ber surekshire's meetings. >> trading kring with cryptocur is disgusting.

it's like trading turds and you can't be left out. >> charlie believes in lowering expectations. >> absolutely. that's the way i got married. [ booing ] >> my wife lowered her expectations. >> and for munger, money wasn't everything. >> all you succeed in doing is your life is to get early rich from passing holding of little bits of paper and you get better and better at only that for all of your life, it's a failed life. life is more than being shrewd at passing wealthy accumulation. well, with that, we're through.

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connecting with kim... made me reconnect with my mom. it's very important to keep loved ones close. we know that creating memories with loved ones brings so much joy to your life. a family trip to the team usa training facility. i don't know how to thank you. i'm here to thank you. welcome back to "worldwide exchange." time to get a check on some of our top stories. our silvana henao is here with more. good morning. >> good morning. mark cuban is aperrinletly selling a majority of his stake in the dallas mavericks to mary adelson. this comes after las vegas sands announced adelson would be

selling $2,000 worth of stake. ed ale sop and her family are the largest shareholders in las vegas sands. shares are falling ahead of the open. apple is apparently trying to unwind its credit card and savings account partnership with fold man sax,sources telling our leslie picker that apple has given goldman a proposal to do so within the next year or so. now, if the move were to happen, it would mean apple would have to find a new financial part fehr for its apple savings account and it's one of the highest partnerships with between a tech and bank company. and bob iger reiterating his segment he's looking to build again at the entertainment level. he says his three priorities for building next year involve expanding theme parks, developing a full espn streaming

service, and improving the studio business. and he's downplaying expectations that disney is expecting to sell key tv business. >> silvana, we'll see you later. >> see you later. >> thank you. the earnings parade not over just yet even though about 95% of the companies report. sales force expected to report at the close today. getting a boost from a stronger than expected economy and a lot of enthusiasm around artificial intelligence. for the quarter, revenue is expected to increase by 11% year over year, eps by 11%. following pushes for profitable growth by active investors earlier this year. the estimate for operating margin is just over 30% compared to around 22.5% just over a year ago. also top of mind, current remaining performance of obligations. that's the amount expected to be

invoiced to customers over the next 12 months. it's often seen as a proxy for demand and pricing power. expecting its to come in at just over $23 billion up 11% year over year. for much more on what to expect, let's bring in james demer, chief investment officer of main street. great to have you here. how are you? >> good morning, frank, i'm good. >> what are you expecting from marc benioff who's often been very candid about facing the business? >> he's candid. i think our investors, of course, us, included as a shareholder, this is a show-me quarter. it's a revenue quarter. we need to see this time, you know, revenue really exceed or at least the expectations that you just outlined. you know, as opposed to the cost-cutting efforts.

revenue and sales were the back seat. we want to look at the topline growth. are they able to leverage a lot of these new products they have and vary the customer base and get the revenue number to meet the revenue number that the street expects but even more. >> so you're mentioning new products. that includes ai cloud solutions and its einstein chatbot. what expectations are you looking at? a lot of people focus on current remaining obligations. is there one you're focused on? >> that's definitely one of them. you have to make sure. a lot of companies this quarter missed on that that customer paying this for the rest of the year. some people are cutting back budgets with the uncertain economy. so that's going to be one of those metrics. again, this is a very big base they have. we're very curious not only in

the numbers of the revenue but in marks and team's comments on the conference call. where are the revenues coming from? they have cloud-based and ai driven swedish services they didn't have before. it's going to be more about using ai, leveraging ai for its sales contacts, customers, data going forward, the platform itself. and then, of course, you add on those acquisitions that they've made. >> you're leading me, james. i want to talk acquisitions for a second. remember, that i acquired slack for $28 billion in 2021. at the same time, we see some extend actives leave. does that concern you at all the fact that we're seeing executives leave? >> you know, that never makes us feel comfortable. but on the other hand, the malkt team led by mark, we think, is

maybe one of the best in the world particularly in the crm world relative to oracle and microsoft. so we're not as concerned about those partners. in some ways it makes sense after they built those businesses and were bought out. we're not concerned about that. we do think, as i was mentioned, that now they're creative. >> one other question. crm trades at 25 times the earningsful that's lower than the nasdaq but higher than the s&p at higher times. what are you seeing here? are you thinking about taking some profit here and trimming your position? how are you dealing with things right now? >> i think this is the show-me quarter. we're certainly going to hold our position. and where are the expectations we're going to beat based on this ai cloud transformational experience that their customers are going to get? you're right. stock is cheap relative to the

nasdaq. it's cheap relative to its earnings growth, which is above 30%. it's still 30% off its high. we suggest if you don't own it, you buy some here. >> we'll have to leave it there. james demmert. great to have you here. coming up on "worldwide exchange," family offices going prie private. much, more much with our robert frank when we return.

welcome back to "worldwide exchange." it's the first for family offices. they serve ultra-high net worth individuals. now finding their money not in private equities but rather in partners. robert frank joins us now with more on the story. >> good morning, frank. this is a big shift for family offices which are play superior players. a survey by camden wealth and rbc found that family wealth hold 20% of their assets in private markets. that includes private equity capital and direct ownership of private companies. meanwhile their holding of publicly traded stocks fell from 29% to just under 25%. there are now $6 trillion in assets. they're very important right now to financial markets. this move from public to private has accelerated after the pandemic.

around 40% of them now plan to increase their investment in private credit and private equity, and they rank private equity and venture capital as the sectors they expect to have the highest returns in the coming months. now, there are risks to all this. moody's warned of potential systemic risk from the lack of transparency and private credit. the markets are expected to double in the next five years to over $3 trillion. but family offices, they have a lot of cash as a safety net with 9% of their total wealth and cash. that's nearly double the levels of 2021. you can read more about family offices with our latest family office investment interview with josh joseph of big plan holdings. you can read that on cnbc pro. frank? >> absolutely. robert, a lot of great stories about family offices on cnbc pro. i want to ask you, why are family offices making the shift?

you mention the systemic risk, but what's the upside for them? >> some of it was rushes. you look at when money and capital was froze p. stocks have been volatile over that period. but a bigger reason is a lot of these family offices were founded by entrepreneurs who started a company, sold it for your a boat load of money, had all this cash and started family offices. now they want to go back to help smaller private companies in the sametry they often were in. so it's a way of them getting back into starting or helping a private company grow so they get the sort of psychological return of that as well as the capital return. >> all right. a lot of developments there with family offices. or robert frank. good reporting as always, and also great to see you. still on deck on "worldwide exchange," we have much more on the death of charlie munger and what berkshire hathaway investors are saying about the future of the conglomerate in the wake of munger's passing.

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5:30 a.m. in the new york city area. there's stilt a lot more on deck. first, charlie money fwer. paying tribute to buffett's right-hand man. investors increasingly look at signals. and professional sports and the

gambling sector involving investor mark cuban. it's wednesday, november 29th. you're watching "worldwide exchange" right here on cbc. welcome back to "worldwide exchange." i'm frank holland. as always, we're going to pick up the half hour with u.s. stock futures. take a look. we're in the green across the board. the dow is higher. nasdaq firmly in the green. similar story for the s&p 500. we also look at the bond market this morning. different story. we're seeing yields come down a bit. we're looking at the 10-year benchmark down 4.29%. and they continue to hold talks, adding another delay to the meeting is not expected.

take a look at oil price this morning. we're seeing them stay where they were a half hour ago. brenlts crude up 1%. natural gas still in the red, down 1%. that's your morning setup. the investment and business world are paying their respects to berkshire hathaway's vice chairman charlie munger. munger passed away at 99 years old. he was just about one month away from his 100th birthday. munger is being remembered as an investment genius and right-hand man of warren buffett and shifted his focus on investing in great businesses at acceptable price. he said in part, quote, berkshire hathaway could not have been built to its present status without charlie's inspiration, wisdom, and participation, and apple's tim cook writing on x, a titan of

business and keen observer of the world around him. munger helped build an american institution. let's bring in barbara. good morning. great to have you here. >> thanks. how are you? >> just give us a sense. how did you view charlie munger? did you know him personally? >> i did not know him personally, but many of our members knew him personally. as you said, this is a community of millionaires and a lot of people knew him and worked with him and invested in him. >> obviously he's an investment legend. does it change your view of the company he helped change and build, berkshire hathaway? many of your customers are investors? >> not at all. in fact, we think charlie munger set the company up for this exact circumstance. what he did mirrors a lot of what our members do, sitting on

cash reserves and patiently waiting for investment opportunities, and we think he was, as you said, a legend. he also was very focused on succession and legacy and we anticipate he built that legacy and things will continue as they were. >> as you mentioned, many of your members of r360, many of t them centi millionaires. how has it informed your investment decisions and the decisions of the group? >> well, charlie munger said it takes character to sit with all that cash and do nothing, and that is exactly the investment philosophy of our group. they want to wait until they find the right investment as opposed to just chasing mediocre opportunities. so charlie munger led the way and our members followed that philosophy completely. he also, i have to say,

connected with our member on multiple levels. he was a tremendous f philanthropist and he had great integrity, and so we really saw a lot of wonderful thing there, and we were very happy to follow him and happy to work with him. >> charlie munger passing away almost a month before his 100th birthday. he's being mourned by so many people in so many areas. i want to look ahead. he was obviously a staple at the berkshire hathaway meetings, known for his one-liners and insights. how does that change without charlie munger? >> obviously it's not going to be as fun, but i think the business goes on. he set the business up to go on. he was focused on succession. he wanted to make sure the business continues in the right

way through a lot of investment opportunities. he trained a lot of people under him and think oar going to continue to do what they did. just to show how warren buffett has the confidence, he purchased berkshire hathaway stock in the past year. so nothing has changed. they built a tremendous company, and the only difference will be is it might not be as fun anymore. >> that's a great point right there. one thing you mentioned i do want to talk about, again, we're mourning the loss of charlie munger. he passed away at 99 years old. you mentioned succession. how are you viewing the succession plan and the people in place? >> well, the people in place are the people who are driving the business on a day-to-day basis. our members are not inclined to make any changes and they are anticipating opportunities because they've been sitting on such a tremendous cash position. our members like charlie munger are waiting for favorable

investment opportunities. >> barbara goodstein, a managing partner of r360. thank you again for your time and your insight. >> thank you. time now for a check on some of this morning's top corporate stories. our silvana henao is back with more. >> thank you. the fallout of the cybersecurity breach last month rolls on. data from all of its customers were compromised making the attack far more harmful than originally believed. okta says data from all clients is at risk. sorry about that. the environmental was not impacted. individuals whose data had been downloaded will be note 2350id by okta. new details on meta's policies

around political advertisements ahead of the 2024 election. the social media platform says advertisers must disclose the use of artificial intelligence when altering issues. in a blog post, meta's president of global affairs noting the new policies are broadly consistent with how the company has handled advertising rules during previous election cycles. the decision follows criticism over maeta's past involvement including failure to account for and reduce the spread of misinformation and congress apparently reversing its stance on chinese tech. bloomberg says u.s. lawmakers are planning to drop curbs as it plans to pass the final version of the annual defense policy bill. if the investment curbs have been implemented they would need

to know high-alert countries as part of a wider crackdown on china by the biden administration. now, the senate overwe78ingly approving the bill earlier this year but faces increased pressure by the house financial services committee, frank. >> silvana, thank you very much. all right, we want to turn now our attention to another developing story this morning. billionaire investor mark cuban telling a majority of the stake of the dallas mavericks to mariedmary ed addleson and her family. >> mark cuban said he would never sell, that he didn't really need $3 billion. this deal would value the mavericks at $3.5 billion according to the "associated press." a source close to the deal confirms cuban will keep a stake in the team and run baffle operations. the nba hasn't commented. emails have not been commented

on. in a final yesterday las vegas sands announced mary adelson would sell $2 billion in shares. the sale represents about 5% of overall shares in the company with the adelsons keeping 51% ownership. sanlds say sands says it will by $2 billion of shares. this is a big new focus for returning capital. the shaulders, the biggest of which are the adelsons. let's go back to basketball. the deal is subject to league approval. last year cuban said he was interested in partnering with sands on a new arena and casino resort should texas legalize gambling and lawmakers failed to

move forward on that this year. >> it's a big story not only for the world of sports but big superstar on their team, luka doncic, bus also in the gaming world. give us a sense. what's in it for the adelsons to buy a majority stake in the mavericks? >> this is really unusual because this couple was known as a u poor couple. they made a record toe nation in the 2020 election cycle, more than $200 million to republican and conservative causes. she's known for philanthropy about jewish causes and also as an expert on addiction. the interesting thing that gets me here, i know las vegas sands has spent a lots of money lobbying for gaming licenses in texas, hoping that this -- what they consider a super state would come online and open the door and pave the way for a casino and sports betting there in texas. it has. happened yet.

there are conflicting reporting about whether that's likely to happen. but if you look at new york or florida or the fact that california has tried and failed, a lot of gaming insiders think it's going to happen. that's one. number two, if you look at new york where three downstate licenses are up for grabs at casinos, las vegas sands has spent a lot of time, effort, money, and energy trying to secure a gaming lie sense on long island. what they finally said is, look, we're going to develop an integrated resort whether or not we get the casino license. we're go ankh to have a resort. could this be a back way in, getting community support for the development and then trying to get that. we'll have to wait and see. i think that could be coming into play, frank. >> i'm sure at some point we're going to hear from mark cuban. he's not too shy about the media normally. maybe this deal is still

unfolding. contessa, also great to see you. >> thanks, frank. coming up, "worldwide exchange" continues as we look at one of the biggest benefactors of the red-hot rise of chips and semiconductors. who's the clear leader when it comes to supplying that critical component. we're going to give you that name coming up nextet. with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning. trade brilliantly with schwab.

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exchange." tomorrow marks the one-year launch of chat gpt. today we're talking boosts. we're talking about chip leaders quickly making their way to the top. joining me to talk about it all is matt with wedbush. good morning. >> good morning. >> most estimates show them having 80% of that ai chip market, maybe eve more. is there anything rising investors should know about? >> frank, i think there are some other companies with interesting technology, but to put things in perspective, nvidia is doing 14 -- we think they're going to do about 14 billion in data center gdp revenue in q4. when i look at amd, it's

meaningful that they do more than $2 billion next year, which is what they've got it for. you look at that. and they're looking at doing $14 billion this quarter. >> it sounds like you're saying they have a pretty wide move that will extend in the near term. >> exactly. they're so much bigger it's difficult to see anyone where for amd, that amount of revenue is certainly meaningful, it's hard to see anyone getting volume that it matters for nvidia in the near term. >> amazon out with an ai chatbot for businesses. as we see more and more companies, what does that mean for the chip sector and does that create other companies that are going to rival with nvidia, the fact that there's more and more demand for these ai products? >> i think you need to see that.

when you get applications like what amazon came out with, that drives inference -- those inference applications would drive revenue, make it worthwhile to invest more. yes, when you look at the two cases, they are different. they require slightly different technology. so that does create an opportunity for a company like a st startup. it's well suited to large language model in frens. >> i do want to talk about that. first, i want to circle back. you say nvidia is far and away the leader. it trades at about 41 right now. give us the under the radar plays, maybe startup companies andover private companies investors may be overlooking and could play a meaningful part in this ai story. >> certainly. you can group it into three

categories. so you've got the other companies out there. amd. they've gotten traction for super computing, second with nvidia revenue. they're the ones to watch on the public company side. intel is a little bit smaller. on the private company side, the two that stand out to me are sarabris and then brock, their technology just seems to fit really well with inference. they started ramping in terms of selling units. the last piece, i think the piece that is furthest along is the products that the hyperscales make gaines, say am amazon, you've got people with their views, and you've got a couple of suppliers.

broadcom is the big effort. >> a lot to cover here. matt, we could talk about this all day. coming up on december 6, join the cnbc work summit. scan the qr code on your screen to learn more. you can visit cnbcadvance.com/work. coming up on "worldwide exchange," we have one word that every investor needs to know today, plus the sector. our nextue gst says ai is being overshadowed and investing. we'll be right back.

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investment genius and warren buffett's right-hand man. mark cuban is reportedly selling the majority stake in the mavericks to the adelson's family. apple is looking to unwind its credit card partnership with goldman sachs. and plunging prices due to a is slowdown in revenue. this despite a profit and announcing $1 million in shares and buybacks. the stock now set to open at a fresh 52-week high today. as we gear up for the trading day a4ed, let's get nook look at the futures. the dow will open up at just about 100 points higher. the nasdaq as well and the s&p

500 firmly in the green. let's bring in jeff in charles schwab. good to see you. >> good morning. thanks for having me on. >> i want to take your temperature. we're seeing futures up. with that in mind, what is your w.e.x. word of the day? >> my word of the day is "anecdotes." the fed uses this collection of anecdotes from banks and businesses across its districts to gather insights into the lag pace of rate hikes and the manufacturing downturn which may impact the timing for your the pivot of rate cuts next year. i'll give you a quit example. staffing firms noted that candidates were more realistic in their salary expectations and they noted that candidates were more willing to expect positions. i think this is interesting for a market that's hard to glean from the overall job numbers.

>> i want to get your take on something. a note came out earlier today, first thing this morning, talking about the fed's policy and the possibility of rate cuts. here's what he's saying in part. they peaked before eight of the past ten recessions. the optimist which includes him are not expecting a recession through the end of 2024. so we expect any rate cutting by the fed next year will be limited to maybe two or four cuts be i 25 basis point ts. we had bill ackman come out and say he expects a cut in q1 of next year. >> the market's currently pricing in the rate cuts beginning in april. i don't disagree. maybe sometime in the second quarter. but i think the tone of what you just talked about is right. we're not going to cut all the way back down to zero again. i'm not sure how many to expect. maybe it's two, maybe it's three. i think that could mean maybe

some negatives for some of the most favored tech. maybe modest moves. >> all right. so everybody is focused on tech, whether it's mega tap tech. you're saying there's one sector that may be overlooked right now. >> i think it deserves more attention. for the second time in a row, they're outperforming u.s. financial stocks be i a wide margin, 17 percentage points this year. european banks are benefiting as rate hikes have removed the effective tax that was posed by them. that hurt their asset portfolios. that's turned around. their profitability is way up. and the potential for a steeper yield curve may feature banks across the world.

i'm more excited about europe. i think overweight the financials could pay off. >> one last question. you're looking at another economic report out later today. the oec economic outlook for 2024. the last report shows in 2023, 1.6% but next year, declining at 1%. is that a potential market mover in your mind, this report? >> i it's possible. it just came out a couple of minutes ago. just glancing at it, it looks like the reverse. you see it now slowing to 1.5% next year to 2.1% and emerging from a mild recession. you always see the lags, but the data can reveal how the overall global picture is shaping up with operations around the world. so it will be interesting to see how this report is digested. >> great to see you as always. around thank you all for watching. we've got "squawk box" coming up next. have a great day.

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stock futures pointing to a higher open after two fed governor speeches pointed to the possibility that the central bank is done with rate hikes. looking at the 10-year at 4.29. 4.29er. also intimating possibly they might be able to ease policy next year. mark cuban's planning to sell a majority stake in the mavs, the dallas mavs to the adelson family. details straight ahead. and the investment world

remembering charlie munger, the berkshire vice chair and warren buffett's right-hand man died yesterday at the age of 99. we're going to bring you highlights from becky's interview with him just two weeks ago, wednesday, november 29th, 2023, and "squawk box" begins right now. ♪ good morning, everyone, and welcome to "squawk box" right here on cbc. we're live from the nasdaq market site at times square. i'm becky quick along with andrew ross sorkin. joe kernen will be along shortly. the lineup includes elon musk, vice president harris, jamie dimon, many others. you can see bob iger there as well. he's in th