shopping centers they got low gas stations in the parking lot yes there's one like that at the berkshires there's a little gas station right there they never talk to the clerk why i don't know i mean the police never there ever investigated a crossing they just i mean they would paste what happened unless they just drove like three weeks later took pictures of the parking lot sale weeks later this three week as all they did there's no police report there's nothing they never investigated they never talked to a store clerk they never issued or media release asked if anybody seen any witnesses they were paste out of my kidnap them and that's all they ran with so we . we're called upon jack oldfield things are common now get a lot of. money and sam are talking plants walking back forth on here the trucks like to test the truck. that's walking back for the iron man samurai are about the time here sorry sand you've got to die trying to place. the. god. with page i know for a very. first very very good day. here i know as you know the good here is our. player. base. but the. players start to. p

morgan's jamie dimon and berkshire hathaway's warren buffett.oke to them about the idea of business leaders embracing politics ♪ ♪ >> let me ask you. this week we spoke with howard schultz. he announced he's stepping down as chairman of starbucks he spoke to us on squawk box and said yeah, he may be considering public office and he doesn't know exactly what that would be at this point, but we spoke to kim langdon and he said the idea that donald trump won the presidency and this means a business leader can come in and run the country and that expands it, as far as he's concerned he thinks it's a good thing. jamie, what do you think about that >> the business people need to learn what the issues are in government you can't just walk up to government officials and say here's what i need for my companies and profits, et cetera governments have huge issues with poverty and incarceration and education. we should help them do that and that's why members should be deeply involved in that. getting involved in politics is a great thing to do for anybody.

berkshire hathaway shareholder doesn't really care about guidan r because theylly trust the ceo. this is a more important issue for smaller companies. furthermore, guidance comes directly from the horse's mouth. it comes from the management of the company. if management stops giving guidance, wall street analysts are still going to come out with their estimates but what's guaranteed ise that t estimates are going to be less accurate. >> okay. >> because they don't haveme mana guiding them. and furthermore, the other issue is transparency and disclosure. this is information, and we are in an era where the sec wants more transparency and disclosure so why hide the information. >> william lee, youh agree w buffet and dimon, make the case for short-term guidance. >> the only people interested are the investment analysts out there making theirwn forecasts. companies need to anchor the forecasts beforeec theye too wild. as an investor what we're interested in is the strategy behind the numbers. what is it that the management is doing, planning to do and how did it do it. one of the ris

famous warren buffett debated out the company with three hundred million dollars in funding but berkshire's they became so large that it couldn't sell those tears in the open market without pushing down the price so this deal now in a both berkshire to exit what buffett has called a disappointing investment now if in the meantime gets the opportunity to reap the gains of a recovering u.s. housing market and i've got to ask you survey how is the market responded to the g seven may have. investors do not care about any comment at the moment this is not easy to understand and even harder to explain because these summits could have a significant impact on u.s. companies and also the stock market but when i talk to traders they tell me they're simply enough money in the markets right now and investors seem to think it is now or never if if this rally should and then they can still leave them i can't but as you see this is of course a self-fulfilling prophecy as long as they say the markets are going to stay out tavish lansky versa wall street thank you now seventy years ago in the wake of a terr

since i'm saying he wanted to pull up here and always a cigarette some to drink so i go into the berkshires i come out this do sit in a car and a truck i'm like was cool on his song he's like it's cool america this song like no. i mean when you talk right so i get into the car and i drive off ramp and he follows me when i play roscoe what are you doing. he said we need to get rid of those core. that's ok we'll just do he said you know this is give us a kind of green now i never heard young friends i hope it never seen hundreds of every again i was inside the group showers which the police never went there and interviewed anybody conveniently they never talked to him are fact in evidence you see the photos of bush are part of that there's a sub gas station a small gas station and you'll hear nice days i'm sure you've seen these big shopping centers they've got low gas stations in the parking lot yes there's one like that at the berkshires there's a little gas station right there they never talk to that clerk by i don't know i mean the police never there ever investigated the crossing they ju

the berkshires there's a little gas station out there they never talk to that clerk by i don't know i mean the police never there ever investigated the crossing they just i mean they would pay so what happened next they just drove like three weeks later took pictures of the parking lot sale weeks later three weeks as all they did there's no police report there's nothing they never investigated they never talked to the store clerk they never issued or maybe release asking anybody see any witnesses they paced out of my kidnap them and that's all they ran with so we stopped we're called upon to oldfield's things upon them now he had a lot of. money and sam are talking plants walking back and forth on here the trucks like to test the truck. that's walking back for the iron man samurai here about the time here sorry sand you've got to try to place. right now over here with paige i know her history. here are very very very good. hero as you know who's going to rear our. but the. player. page was here. how did you know about it you. he said i knew he had a deal but how did you know. he. orde

. >>> the man in charge of the new health care venture established by amazon, berkshire hhaway and jpmorgan wants to see waste reduced.ystem speaking over the weekend at the aspen spotlight health conference. they appear to be focused onhe middlemen. >> one source of waste is ourve high administrative costs. there are a lot of middlemen in the system. there have to be solutions that simplify that. o take somthe middlemen out of the system. nscond there has to be solut around pricing that's another bucket. but the biggest bucket is miss utilization, often the wrong time in the wrongar in the wrong way. we have the wrong care pushing out the wrong care. >> they will initially seek to improve care for the 1 million individuals who get their insurance from amazon, berkshire and jpmorgan. if tsuccessful, blueprint could become accessible tohe as well. >>> diabetes medications are big business for the drug industry. the disease is still on the rise. as meg terrell tells us in tonight's modern medicine. one siliconaly start-up is trying to build its business model around food as medicine. >> an el

since i'm saying he wanted to put up here and always a cigarette some to drink so i go into the berkshires i come out this do sit in the car and the truck i'm like was cool and as long as i escape school america this song like. a man when you talk right so i get into the car and i drive off. and he follows me when i play ross what are you doing. he said we need to get rid of those car. that's ok we'll just do he said when you don't just give us a kind of grant now i never heard young friends i know perry i never seen hundreds of every again i was inside the group shacks which the police never went there and interviewed anybody conveniently they never talked to a matter fact in evidence you see the photos of bush are part of that there's a sub gas station a small gas station and you'll hear nice days i'm sure you've seen these big shopping centers they've got low gas stations in the parking lot yes there's one like that at the berkshires there's a little gas station right there they never talk to the clerk why i don't know i mean the police never there ever investigated the crossing they ju

famous warren buffett debated out the company with three hundred million dollars in funding but berkshire's they became so large that it couldn't sell those tears in the open market without pushing down the price so this deal now in a group berkshire to exit what buffett has called a disappointing investment now in the meantime gets the opportunity to reap the gains of a recovering u.s. housing market and it could also be house the market responded to the g seven may have. investors do not care about anything at the moment this is not easy to understand and even harder to explain because these comments could have a significant impact on u.s. companies and also the stock market but when i talk to traders they tell me there simply enough money in the markets right now and investors seem to think it is now or never if if this rally should end then they can still leave them might have but as you see this is of course a self-fulfilling prophecy as long as they say the markets are going to stay out months you verse on wall street thank you. oh briggs it is is still leaving but the invest a sentim

the rai lpastors of berkshire.ome the first anglican cathedral choir to sing at a papal mass since the reformation. the group that has been invited as part of the pope's programme to encourage church diversity. 0ur reporter went along to hear theirfinal church diversity. 0ur reporter went along to hear their final rehearsal before they went to rome. singing. after christmas and easter, the feast of st peter and paul is the vatican's most important annual event. singing. and now, for the first time, the hereford cathedral choir has been invited as special guests. they are rehearsing now in a pretty empty hereford cathedral, but in a few weeks' time they will be performing to more than 125,000 people at the vatican, and tens of millions will be watching on tv. it's such an amazing thing to do, because it's great fun and you get to sing in some amazing places. to all those thinking about it, i would do it. as long as we don't mess up, yeah, it's going to be fine! it's happening at the end ofjune, and there will be two

have a guest in a parking lot this wasn't always car right and i was over and i got out when assad berkshire's and i got. this fried the sunflower seeds and the buy one get one free pack of more cigarettes are come out and that's when page was already in the truck . in his truck with a tree yes and so when i seen a situation i recognized it was something that was what was the situation he was there while he was in a truck he was told. he said there is also my right and they trust their adventure was said in the past i see. and so i look over at my man was up and he said when he said when he had no vehicle and so on i was like man come on i hopped in a car took off right.

amazon, berkshire hathaway, and -- the company will provide berkshire and jpmorgan with employees. we are going to take a break. this is bloomberg. ♪ rishaad: it is not time in the morning, the battle of the charts. you can access their charts on the bloomberg terminal. sophia: representing emerging -- ets it has been a rough year. they are 14% of the january high. this narrative has taken a 180 this year from the first quarter when we were talking about tightening. my chart is throwing up more smoke signals. stocks and bonds tend to move in the same direction. consider this. in bonds, they are off to the worst in history as you can see by this diving blue line. 5.5%, the light in weight. -- the line in white. is looking like a very sorry picture. i presented this to you as a winner for the battle of the charts. [laughter] rishaad: we will see what haslinda has. haslinda: i will keep it simple. i will stay with e.m.. trend -- thed the bot bucked the trend. let's show you this particular chart. the blet's show you this particr -- thailand has a few things going for it. billion, a la

since then, from its base in berkshire, it has continued to work for governments around the world, andercial organisations like think tanks and groups as well as servicing other parts of the bbc. over the years, it has played a crucial role in events like the cuban missile crisis, the break—up of the soviet union and the gulf war. and now listens to, analyses and summarises news from 150 countries in 100 languages. technology has moved on and social media provides new sources of information, with tweets from ukraine proving crucial in verifying that malaysian airlines flight 17 had gone missing four years ago. so in an era of social media, multiple news sources, fake news and budget cuts, where next for bbc monitoring? sarah beck is the director of bbc monitoring. welcome to newswatch. in the day of the cold war, the role was focused on broadcasting, how different will it be now in the age of social media? it is already different, to be honest. with digital media and the explosion of what is happening has been a part of our work for some time. if you look at how we are working into the

berkshire hathaway's warren buffett and j.p.gan's jamie dimon calling for guidance on quarterly earnings our becky quick talked to both dimon and buffett about taking the longview take a listen. >> the ills and problems of people making short-term forecasts particularly quarterly earnings forecasts, not transparency and not having quarterly reporting and it can often put a company in a position where management from the ceo down feels obligated to deliver earnings and therefore may do things that they wouldn't otherwise have done. so if you have a good board and you have a great investment opportunity and it will cost me another couple hundred million this quarter and someone like warren will say absolutely do it that's future earnings don't hurt your company because you try to meet the short-term things >> this is something you've been preaching about for a long time, too. what's an example of where you've seen it gone wrong? >> i've seen where companies get living by so-called making the numbers they do a lot of things that ar

the company will provide health care to berkshire, amazon, and j.p. morgan's one million u.s.called the u.s. medical system and expensive pile of junk. on "daybreak up asia," i will be hanging around for the next two hours. that conductedng by david ingles, speaking in tokyo at the apec summit. talking about global markets and trade angst, whether we are seeing an emergence from that at this point. yvonne: a little bit of complacency, given some of these trade tensions. the market open is coming up. this is bloomberg. ♪ this is bloomberg. ♪ yvonne: 7:00 a.m. in hong kong. we are live from bloomberg's asian headquarters. welcome to "daybreak: asia." a mixed start for asian start ahead of a global rally on wall street. broke long losing arabia winsudi status. >> opec moves closer to a new output deal with iran moving away from high production and putting their heads

berkshire, amazon, and jpmorgan announced the person going to head their health care effort.he staff writer from the "new yorker" since 1998 author of several well-known books. the company will be based in boston, guys as they've said before, will be free from making -- free from profit making incentives and constraints. so we'll see where it leads. >> yeah. it's nontraditional. so, i mean, yeah let's go read some books tonight. >> yes david, over to you. >> thank you, carl kevin, we kept you around until after the bell we appreciate it, certainly. again to reset for our viewers here with kevin johnson. ceo of starbucks at a very nice boston location. nice traffic behind you, too. >> yeah. >> but, you know, to your point, and to the point jim has been making, as well. 28,000 stores. when you talk about a company that began in 1971 i've been in this business a long time. i've watched companies grow dramatically for many years. they reach a point where it becomes more difficult to grow you keep coming back to the idea you will be able to put that growth number up there jim is s

berkshire has 30 companies. from dealing with everyone j.p.organ to the guys who are loading boxes, driving the trains for warren buffett. that is going to be a huge challenge. how do you get these people on the same page? you anbeauty is it gives ability to make it scalable. brilliant to chat to you. don't forget to take a look at our page on bloomberg.com/prognosis where we report on the future of health care and financial forces behind it all. technology has been replacing humans more and more. financialn the industry is no exception. discussing whether automation could take over the investment process. investing, people have to decide what rules it should follow passively. the next step, quantitative investing, that is underway. there are firms that are doing it it is only a fringe activity. >> you draw a distinction. you just did between index investing, index funds and etf's, and rules-based investing. some could be done in the form of an etf. fund,ht be in a statistic in some algorithmic strategy. .here is a distinction one is bad and t

berkshire tri-state became so large that it could not sell the shares in the open market without pushing down the price. this deal allows brookshire to exit what buffett has called a disappointing investment. the new owner will get to reap the gains of a recovering u.s. housing market. >> how do they respond to the g7 mayhem? >> investors don't care about any summit at the moment. this is not easy to understand and even harder to expin. these summits could have significant impact on u.s. companies and also the stock market. when i talked to traders, they tell me there is simply not enough money in the markets right now. investors seem to think it is now or never. as you see, this is a self filling prophecy. sarah: brexit is still leaving. investment sentiment is not diet. there is trust in the u.k.. is the number one destination for foreign directed investment in europe. they saw a 6% hike in investment. the main reason is increased involvement u.s. companies. this is hot on the heels of u.k. -- it is germany. they are saying investment projects climbing 6%. now it is back over to sarah.

have a guest in a parking lot this wasn't always car right and i was over and i got out when assad berkshire's and i got. this fried the sunflower seeds and the buy one get one free pack of more cigarettes are come out and that's when pais was already in the truck . and its truck with a tree yes and so when i seen a situation i recognized it was something that was what was the situation he was there while he was in a truck he was on. he said there is also my right and was there was another passenger seat. and so i looked over at my man i was up and he said when he said when he had no vehicle and so i was like man come on i hopped in a car took off right. amount of time to this second murder and went to sleep and. jumped out of the trunk and i seen or i want persons down there are very brave why i asked them why he sued them and he said he knew my name innervate just. one same a petri. dish. that took a toll on me because i'm white and this doesn't tell me i have a family i mean this is the type of man that i was raised to respect. it's now i said there a shot i get already my code if it who wa

. >> you're getting into berkshire hathaway territory. >>> will the trade tensions with china come to a head tomorrow? >>> late today, the justiced department s it will not appeal that judge's decision to aapprove the $85 billion merger between at&t and time warner. the deal cld not b completed as early as tomorrow. >> the trade truce with china appears to be unraveling as white house prepares a revised list of tariffs. kayla tausche reports from washington. >> reporter: president trump met with trade advisers to finalize the list of chinese product the u.s. could hit with n tariffs as soon as tomorrow. the list is expect 20d itwlude ben 800 to 900 products, a d action of the 1300 products originally targete april. secretary of state mike pompeo is in china to discuss next steps onnoic, but w fh aday deadline looming, trade is on the agenda, too. >> we discussed trade today. or deficit with china is still too high. i stress how important under the circumstances for president trump to rectify that situation. so the trade becomes more balanced, more riprocal and more fair. >> reporter:

have a guest in a parking lot this wasn't always car right and i was over and i got out when assad berkshire's and i got this fried the sunflower seeds and the buy one get one free pack of more cigarettes are come out and that's when page was already in the truck . and its truck with a tree yes and so when i seen a situation i recognized it was something that was what was the situation he was there while he was in and i thought he was going. he said there's also my right and i was there as he was said in the passenger seat. and so i look over and i'm like man i was up and he said when he said when he had no vehicle and so i was like man come on i hopped in a car took off right. amount of time up to this second murder and went to sleep and the gunshots will be up. i jumped out of the truck and i say no i won't person stand there are very why i asked them why he sued them and he said he knew my name in or a just. one same a petri. dish. that took a toll on me because i'm like and this dude i don't want to have a family i mean this is the type of man that i was raised to respect and so now i said

the partnership with jpmorgan and berkshire, a total of one day on board, could get into primary carery of care, and i wouldn't put anything past amazon the third area is true, amazon business, already selling into hospitals, doctor's office, dental office, giving them the key medical supplies they need from gauze to bandages amazon plays big in health care in the coming years, and this is one to watch >> christina, thank you very much for that, christina farr there, and don't forget, read much more of the coverage on cnbc.com >>> and in other amazon news, the company has a new plan to deliver more packages without the help of the major shipping companies. we are in seattle with more on that angle, courtney >> reporter: that's right. so if you are fedex, ups, dhl, one of your major customers became a competitor. today, amazon announced the beginning of delivery service partners they are going to have individual small business owners run their own business that will be delivering amazon orders the last mile, that final most expensive leg of the journey they are going to start by leasin

shopping centers they've got low gas stations in the parking lot yes there's one like that at the berkshires there's a little gas station right there they never talk to the clerk by i don't know i mean the police never there ever investigated the crossing they just i mean they would pay for it what happened next they just drove like three weeks later and took pictures of the parking lot sale weeks later three weekends all they did there's no police report there's nothing they never investigated they never talked to a store clerk they never issued or maybe release ask if anybody seen any witnesses they were based out of my kidnap them and that's all they ran with so we stopped we're. all fields things of. money and sam are talking plants walking back and forth on here the trucks like to test the truck. plants walking back for their man samurai here about the time you hear sars and you've got to try to place. page i don't. agree with. are there. there are no as you noted good or are there. but the. player start. page for us here. for transpired kid. how did you know about it do you work he sai

. >> reporter: like the health venture with berkshire hathaway d j.p. morgan, they' hoping to leverage data and digital tools to make usingin health rance easier for their workers. >> this gives us an opportunity to really prove to ourselves and then prove to th local employe markets that we can kind of develop something that's different. >> reporte amazon berk shi hath re hathaway and j.p. morgan plan to finalize this june so they can roll it out for 2019. open enrollment. new jersey. >> smallan cos. the industry, a professor at northwestern kellogg school of management. cut to the chase here. as sue mentioned earlier, companies for years are shifting thbu en, the financial burden to its employees. but with this tight labor s market, d that mean the burden is going back to the companies and we pay a little bit lessr more steady premiums because of the tight labor markets? >> i think so. it's good to take a step back and think about what health insurance from your employer actually isll it's r just a form of mpensation so when the labor market isn't par

. >> separately, the company's ceo confirmed that he had been in talks with berkshire hathaway's warren buffet, and he said the talks perhaps will resume one day. >>> general motors driverless car unit is getting a $2 billion investment from soft bank, and once that deal closes the automaker itself will also make a billion dollar investment in the unit. >>> i think it's a big recognition and validation on the progress we made over the last couple of years to get to this point, but i think it's a big recognition of the opportunity that lays ahead as we look to commercialize this technology on really big scale. it requires capital to do that. this obviously is a new source of capital for us as we look to grow this business and realize what we think is a very, very large opportunity around autonomous technology. >> in fact, that investment sent shares up nearly 13%, its biggest one day gain since the company relisted back in 2010 after its bankruptcy in 2009. >>> fiat chrysler is also pushing further into the self-driving car business. that automaker is expanding its partnership with alpha

shopping centers they've got low gas stations in the parking lot yes there's one like that at the berkshires there's a little gas station right there they never talk to that clerk why i don't know i mean the police never there ever investigated the crossing they just i mean they would pay for what happened as they just drove like three weeks later and took pictures of the parking lot sale weeks later three weekends all they did there's no police report there's nothing they never investigated they never talked to a store clerk. they never issued me release asking anybody see any witnesses they were paste out of my kidnap them and that's all they ran with so we stopped work was called upon jack oldfield things a problem now he had a lot of. money and sam are talking plants walking back and forth on here the trucks like to test the truck. fast walking back for the iron man samurai are about the time here sorry sand you've got to die trying to place. the. round. with paige and offer a free. first for their. hero as you know who they are if there are barricades they. know. where they are. but the

i'm just trying to get a deal broke sure owns -- berkshire owns.id to be buying that company for $7 billion and berkshire hathaway will vote in favor of that deal. wind upabout where you finding deals, you already talked about small caps so i wanted to bring in a small cap analyst. france and gannon is a small cap investor. i wanted -- francis gannon is a small-cap investor. this chart shows a different way of looking at small caps. , is the outperformance of small caps only about the dollar or is there something else happening? francis: it with small caps it has been about the stronger earnings story. you are seeing strong operating a strongeriven by domestic economy in the united states and i think that is the majority of the story. david: were they affected by the corporate tax cuts? francis: you have to think about it from a small-cap perspective. small-cap businesses pay their taxes. they do not have the ability large businesses have to take losses. i think it has been positive for them. i also think small caps are capx.ting from david: are th

but given the relationship with jpmorgan and berkshire hathaway, if they could switch the prescriptions over, would that move the needle, start getting amazon critical mass in the space? >> i think you are 100% right. look, i cover retailers, i don't cover the pbms but to some extent i think you're being naive if you think that this is not going to affect the pbms, if you think it won't affect the retail drug chains. look at the history. amazon is not going to race to become a $1 trillion company because they generally don't know what they are doing and as you said, the fact that they have this joint venture with jpmorgan and berkshire, the fact that they have the technology, relationships, the capital. you know, you should be very afraid >> all right anthony, thanks so much for your time >>> facebook shares rebounding nicely since its privacy problems the stock is up more than 25% in three months up next, we'll bring you the company's latest announcement on advertising. and we are awaiting the president at the site of the new foxconn plant in wisconsin he'll take a tour, make remarks a

today, and showers have been breaking out already across the site of the country around the m4, berkshirebut they are very small and don't last long in any one location. it's this part of the country here we could continue to see the showers developing through the course of the day. if you squint you can just make out blobs of blue. those are showers. the rest of the country fine weather, temperatures getting up fine weather, temperatures getting up to around 20, cooler closer to the north sea coast around 15—16d. showers in the south might continue for a time into the evening to the midlands into southern parts of wales, a couple of sprinkles in north—west of the country as well. tonights tempters in the south on the mild side, 15 degrees in the north, a lot more fresh, single temperatures. we will wake up to great grey skies first thing on friday but eventually in the morning the clouds will break and there will be sunshine during the day. cloudier skies might carry on for a while across eastern and southern areas but i think on balance it's not a bad day. 21 in the south on friday and

that's an exit for berkshire hathaway which owns 30% of usg and has not been a terribly successful investmentntil no and with its buyout. , genworth isll getting approval to be acquired by a chinese rival. china oceanwide is the buyer. overall.7 billion this would be the largest china approved by the regulator under the trump administration. america rise financial -- ameri prise up. there was concern if there were to be summit like a genworth bankruptcy that that that would cause them to have to increase its reserves but now that the bio looks like it's going through, shares rallying by 5%. vonnie: thank you for that update. we are counting down to the talks between the u.s. and north korea. the one-on-one between president jong-un will happen 9:15 p.m. eastern time. these are pictures of the north korean leaders and that's a little while ago. lots of excitement to see that entourage. let's get to kevin cirilli, he is live in singapore outside the hotel where kim jong-un arrived as well a little while ago. what's going on? kevin: it's quite a remarkable evening. 10 hours until president trump

amazon, berkshire hathaway and j.p.ase have found a ceo for their new health care business. he is a surgeon, writer and public health researcher. the company will provide health care to berkshire, amazon's employees. the goal is to be free from profit-making incentives and constraints. deutsche bank has agreed to pay $205 million to settle in new york state investigation over foreign-exchange trading. regulators say the bank's employees participated in chat rooms where they shared confidential information and tried to minute delay prices. mark zuckerberg could claim the number three spot on the world's ritualist. -- rich list. he narrowed the gap today with warren buffett to around 720 family and dollars. zuckerberg is worth -- some measure $25 million. warren buffett was the world's number one, but a significant donation has pushed them down the rankings. and that is your business flash update. i am not sure he should be penalized for that. julie: trade took center stage in portugal today. >> what is the effect on busi

but that's not an unique thing at berkshire >> talking about the talks earlier in the year of uber. >aid he's a buffett fan. based on that, what do you think the chance of happening? >> tipping over at 50% we'll see. >> it's just interesting how the sentiment on uber seemed to look possible just a year ago >> and how the additional sports rights bolsters the case of at&t and push to prior time warner that they're going to get the giants now the media consolation might be more legitimate in light of everything going on with the tech giants. >>> let's get to the "half." >>> welcome to "the halftime report." i'm scott wapner we begin this hour with the bullish outlook with two of the biggest names in business and investing, warren buff felt and jamie dimon speaking exclusively on cnbc, their message, the economy is the strongest it's been in years. >> consumers are in very good shape. balance sheet, wages are going up, debt levels are low. all of the credit since the great recession, pristine, other than student lending done by the

the company will provide health care to berkshire, amazon, and jpmorgan's one million employees. goal is to be free from profit-making incentives and constraints. the battle over the u.s. border with mexico is not just a political fight over the thousands of miles were people seek to enter. it is a conflict raging in silicon valley, which seeks to balance immigration reform with big money government contracts. take microsoft for example. they scrubbed an online reference to their work with ice. it touted microsoft's cloud contract with ice and the air force, but recently, it went missing, as the battle over separating families at the border was all over the news cycle. we asked my son on monday about the omission, and it is back online. this comes as their relationship with government agencies are coming under increasing scrutiny. bloomberg's reporters have written extensively on the company's long history with the u.s. border. karen: microsoft touted this contract with ice back in january and how it had this great potential future. to use ai tools and facial recognition. it was

then subsequently got bit from berkshire hathaway companies have to have full and fair disclosure ofs or be prosecuted by the government. some would say you can't possibly game stocks as well and you might as well buy an index fund i am not against that. still though, i recognize that you can study and you can pick worth while stocks that might be doing better and can indeed augment your savings here is the bottom line. remember american agronommics and sps. i am telling you right now, that is not good enough better to have genuine insight that nobody else has it is in the end about the odds. and any hardworking that can increase those odds in your favor is going to make it more likely than not for you to succeed which should be the exact reason why you watch this show joe in new york. >> caller: booyah, this is joe from new york. thanks for taking my call. thanks for sharing your wisdom >> i have a great staff that helps me. >> caller: if i want to diversify, by diversifying i would only be able to buy two or three shares of each company or would it be better to buy ten shares of on

several hundred massachusetts men arrived from the helly burhelly -- hilly berkshires from the south and among them they were eager to go out and patrol. the reverend thomas allen, classic scholar in harvard's 1762 trotted up in a black sulkey which he made pastoral rounds of his congregation, stark, we had been frequently called up and never led against the enemy, the preacher said. if you'll not resolve, not to let us fight and they ever turn out again. you'll not mark in you know the dark and rain. >> no, par son allen replied, not just this minute. when the lord gives us sunshine, i do not give you a chance to fight. stark promised i'll never ask again. the next day they -- that stark surrounded the whole -- the brunswickers and sort of trapped them and picking them off and went right over them. so, it was really one of the really good battles and that's the one where stark had his horse stolen. so-- one other thing that i found that i looked at some letters, some papers at the -- you always hear about the generals who get killed in battle or, but you never hear about the common

morgan, berkshire and amazon to start off on the pharmaceutical site. they also need to acquire something around the pbm landscape. we thought they were hard to go and negotiate with. my thinking right now is they uild inng to either in-b stores or acquire a company, so they can have an end to end solution to contact with employers and start deploying medications to homes. emily: how big of a threat is is to walgreens and cbs? bill: in the short term maybe not a big one because pillpack is a limited service. primarily aimed at people who take more than a few medications a day. they have two innovations. os where they are making sure the combinations are healthy. two, they have this neat rectangular device that helps people manage their daily prescriptions. i have heard estimates of around 40,000 customers. probably not a significant threat to walgreens or cvs. but the power behind it, i think -- emily: how big a potential business could this be for amazon? rico drugs is 1.5% to 2% gdp overall health care spending right now. that is a big business. billi

in health news, we are getting new comments from the new head of berkshire, amazon and jpmorgan's newealth venture. bertha coombs joining us with these important headlines. >> good morning. one of the headliners at the aspen institute conference, c ceo gawande said he has to come up with a name of the new venture. overall with 1 million patients to try to help and the three workers, trying to find better health and better cost it's a technical order it will take narrowing his focus. >> the list is really long the opportunities are as long as my arm so all we have to do in this new venture is pick a few of them and try to bat them out of the park. >> that's all they have to do. the issue here is that the majority of workers for these three companies are people who really work physically the fulfillment workers at amazon, they are at the lower end of the spectrum. they come in and out of the health system. we have to try to find a way for them to afford the care without the huge deductibles that get a lot of people in trouble the other thing he says is this has to be a multi-pronged app

holds wholesale pharmacy licenses in several states and it's formed a venture with jpmorgan and berkshireathaway north to lower employee healthcare costs. this is sending shares lower in companies like cvs, walgreens and san francisco drug distributor mckesson. amazon stock is heading higher. the stock market coming off a trade inspired sell-off once again yesterday opening fairly flat today. let's go to the big board see how we're doing so far this morning. tech sector looking to rebound but the blue chips are down 80. nasdaq was positive now down by 8. s&p falling by 3 points. back to you. >> thank you. >>> time for a look at what's coming up later on "cbs this morning." norah o'donnell has more from new york. >> reporter: good morning. ahead, with justice kennedy retiring we'll talk to the man who already helped choose a third of the supreme court nominees. his name is leonard leo a member of the federal society and he is here in studio 57. he will discuss what the president is looking for as a successor to justice kennedy. >> we were there when a federal agent talked to a i.c.e. spoke

form ulaic answer where you say iconic ceo steps away, you have to get out i think after buffett, berkshirespike because some of those assets will be broken up >> there was a period of time when people were questioning whether tim cook was the right person >> tripled >> i got it. the questions were wrong >> it's easy to say now, of course >> we were saying twitter has a half a ceo can't do well. and square, too. and both of those stocks have done unbelievably well it's hard to tell. >> you're long jpmorgan. jamie dimon leaves tomorrow, would you consider - >> i wouldn't be happy with that doesn't mean i would sell it >> he's still navigating a change in the industry as we go through deregulation that's important he be there for that >> a little different animal >> these days you could be the president and run a business nobody is stopping anyone anymore. >> oil prices are turning around, snapping a three-day losing streak. we'll get the erengy trades from the futures pit next on "the halftime report. ♪ when i first came to ocean bay, what i saw was despair. i knew something had to be done.