david: warren buffett said people would be better to put their money in stock index funds rather than people who are picking stocks as your firm does. what do you say to him about that? mellody: he has outperformed by not owning an index, so he's proved positive it is possible you can outperform the broad market. more importantly, in our world we believe in the efficient market theory, the inefficiency is in the areas that are overlooked, misunderstood, people do not follow it well. that smaller company tends to be less widely followed. you also see the inefficiency in the international markets. that is where we work and live. so we can exploit those inefficiencies in those areas, which is where we would respectfully disagree with warren buffett. ♪ david: let me talk about starbucks. you have been on the board how long? mellody: since 2006. david: did you go to starbucks every day? mellody: i go to starbucks a lot. david: do you have to wait in line like everybody else? mellody: yes, it's an important part of the process, seeing how everything is working, how long it takes, what is ha

just to counter the george soros bearishness we had warren buffett come out this week invest a billionendly bank. we know he has been big bear on the whole space for a long time calling it rat poison and even charles monger saying pretty bad stuff this week about crypto. charles: yeah. >> i'm not concerned and i think trying to stop this is like trying to catch water with your hands it is not possible. charles: charlie monger was a old school gang at that rapper. he doesn't like crypto, put it that way. talk about stocks. talk about roblox. i know genevieve, you love the stock. it has been a rough week for it. is the metaverse hype? because all the met at that first stocks, mttr, i was in that. i got crushed today. has it been too premature? >> i mean look we have a long way to go. roblox specifically is part of this high multiple hell that we're in. if you missed wall street analysts even a tiny bit you're getting taken down hard. we saw this with shopify yesterday as well but the thing with roblox, if you take a step back, think about it, if it was a country it would be the size of c

>>let me give you some warren buffett is a conglomerate conglomeration, stay on things like american express. and wells fargo co college he saying that if you like, take a look at the average stock out there. i did a large or small. they're down about 30% from their highs or he's up 6 and a half percent this year. here to compare the s p 500 is up 6 and a half percent and s p 500 is down 10%. so he's winning on every metric. he's boring his old fashion. he is wonderful. and every measure at my book, boring is you don't have to wear thongs patties, panties to be a. he is. his profits are up. 45 1% year over year he owns apple. he owns insurance companies. he owns energy companies. he owns things that will use for the rest of our lives for stable future. that didn't have great cashless. so i'm gonna miss monday's 91 years old. but, you know, read his letter to a shareholders this weekend, everyone to go. google it right now is homework. he's so there's nothing greater. the market say he's not bind. maybe that should be ahead to you and me that i should be buying. you know, it is the re

. >> warren buffett, berkshire hathaway, although they're raking in some pretty decent profits. but he says >> is kind of not plus about what are you seeing out there? >> let me give you some warren buffett is a conglomerate conglomeration, stay on things like american express. and wells fargo co lat. he saying that if you like, take a look at the average stock out there. i large or small, they're down about 30% from their highs or he's up 6 and a half percent this year here to compare him to the s p 500 is up 6 and a half percent. and s p 500 down 10%. so he's winning on every metric. he's boring his old fashion. he is wonderful on every measure at my book, boring is. you don't have to wear a thong patties antes to be a. he is. his profits are up. 45% year over year he owns apple. he owns insurance companies. he owns energy companies. he owns things that will use for the rest of our lives for stable future. that didn't have great cashless. so i'm gonna miss monday's 91 years old. but, you know, read his letter shareholders this weekend. everyone to go. google it right now is ho

warren buffett's berkshire hathaway is booming, but unlike many corporations that seek tax breaks, todaylionaire investor boasted that the company paid $3 billion in federal taxes last year. they made $90 billion in profits. next on the "cbs weekend news," the challenging road for car dealers as inventory crunches and online buying take a toll. l. straight to my phone. you can see your number and where it's heading. and i get alerts before i go too high or before i go too low. the dexcom g6 has helped me lower my a1c. want fresher drives every day? the dexcom g6 get febreze car vent clips. just click, install and febreze steady release technology uses your fan to circulate freshness throughout your car. so, you can enjoy up to 40 days of consistent scent. febreze car. after my dvt blood clot... i was uncertain... was another around the corner? or could things take a different turn? i wanted to help protect myself. my doctor recommended eliquis. eliquis is proven to treat and help prevent another dvt or pe blood clot. almost 98 percent of patients on eliquis didn't experience another. ...

. >> warren buffett has the letter to the shareholders.lain that next. >>> and the biggest movers this morning. trailers is up .79% and followed by mcdonald's. stay tuned you are watching "squawk box" live from times square >> announcer: this cnbc program is sponsored by truist wealth. where meaningful relationships matter most. gang, we need our paranormal services to be more versatile. i know a group who can help us. not those new age shamans again. i'm talking world-class business experts. data geeks, strategists, tax advisors, the works. what about technologists? 40,000 strong, baby. we'll be able to hit our projections both fiscal and astral. this company sounds great. what do you think, agnes? looks like it's unanimous. esg is responsible investing. who's responsible for building esg into your investments? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our co

. ♪ haidi: warren buffett's berkshire hathaway reported a rise in with what earnings jumping of the yearw profits double. the conglomerate as messed $150 billion of domestic infrastructure assets. for more let's bring in our finance reported. -- reporter. >> last year it was dropped that greg abel would be his successor. every investor as their eyes peeled to get a sense of timing for the transition. what we did not give specifics when buffett would hand over the reins, greg abel wrote about sustainability. this is a question that has become more dominant at berkshire over the years because of their huge energy operations as well as other businesses and it will be a question the next ceo has to contend with. it seem to be happy that they got to hear from greg abel a little bit. one of the huge topics he will have two face. vonnie: there is so much focus on sharing purchases. why so much focus these days? >> if you read the letter you would get a hint, buffett admitting there really is not much for him to buy. part of that is they need a big deal to supercharge berkshire hathaway's growth

along with warren buffett, by the way. involved in creating advanced guided systems for chinese missiles. bill gates would have to know that. it is not that hard to find if you investigate -- >> tucker: what sort of investment? ten grand? >> tens of millions of dollars. he was also involved with a chinese company to build reactors -- they have application on ships, submarine, and he invested heavily in that, provided technical expertise. that was ultimately blocked by the trump administration. >> tucker: you almost never hear real reporting anymore. that whole conversation is worth seeing. it's on fox nation. read it at tuckercarlson capsoff.com. and we'll be right back. >> tucker: sadness, we are out of time. we will be back. in the meantime, great reporting from peter schweizer nair, an amazing conversation on fox nation right now. we will be back every night including tomorrow at 8:00 p.m. the sworn enemy of lying, pomposity, smugness, and group think. go america. and god bless canada, they need it. here is sean hannity

david tepper adding in nordstrom and gm >>> a winning bet for warren buffett.ctivision pretty good timing by the oracle of omaha. >>> let's get a check of the headlines with steven romo in new york >> with the ambassador bridge and cand ontario open, justin tu ruled out using the military, but threatened with plans to tow vehicles or freeze bank accounts. >>> russian figure skater kamila valiyeva is back on the ice. she tested positive for a banned substance before the olympics. the court ruled she may skate because she is a minor or protected person in the rules which are different forrer her n adult athletes if she wins a medal, the games won't hold a ceremony. >>> he may be the ceo of goldman sachs, but david solomon dj's a party at central park in los angeles. he was a dj. he played the sports illustrated party and attended by jeff bezos. his dj name? d-sol. funny. >> he has been known to turn the tables interesting side hustle for the ceo of goldman sachs thank you very much. >>> straight ahead, the fate of the crooked crypto couple arrested on conspireing

berkshire of course, warren buffett's firm adding 14.7 million shares, a stake that would have been valuedion dollars on december 31. here's the thing, december 31 we have not yet had to deal of microsoft acquiring activation for $69 billion u.s. so this was pre-metaverse, pre-metaverse discussion and pre-metaverse play. maybe some interesting foresight from buffett. he knows microsoft real well. emily: ah, the oracle of omaha, maybe strikes again. metaverse might be the buzzword of the year so far, but close behind it is defi, or decentralized finance, an umbrella term for peer to peer umbrella services on blockchain. there is a ton of money and activity pouring into it while scams and theft still plagued the space. joining us now with some ideas, founding partner lauren. great to have you with us. there is so much funny flowing into defi and web 3.0 right now. where is the smart money going? lauren: thanks for having me, emily. no question, lots of buzz around this space right now but i think this year in defi we're seeing a lot of convergence. what i mean by this is it is really coming

according to warren buffett in his weekend letter and it is suddenly it doesn't matt fer more people return to the work force as omicron wanes because the war means we need to worry about energy and foot shortages. so why not just run from the market i'm in favor of raising sth some cash if you don't have any we already did that for the charitable trust which you could follow by joining club we're in a strong moment remember what larry williams told us, and we had a late bounce last week in the end i think we have to choose, not between russia or ukraine or a hard line fed versus soft line fed, but whether stocks have gone down enough to handle what powell or putin throws at us have they gone down enough to me it is a very tough call. we have a huge number of high quality stocks that have given up meaningful gains and new republic stocks without any support that have gone down substantially. i think they'll still end up lower. i look a good rx tonight and workday seemed to poison any good news on any sign that inflation will be fleetingch and we've hear from the ceo tonight. i think

the economy is humming if you looked at warren buffett's annual letter on saturday, he made it clear things are going great, chugging along. however, these stocks have gone on sale. jpmorgan in particular when we get through russia kra ukraine, when we get the first rate hike done, i think the market focuses on economic activity that's very strong. you see it in durable goods orders you see it in factories being built across the nation. this all requires financing. that's where jpmorgan steps in their loan volume should be going up and yes, i see the yield curve has flattened. i think that's temporary in response to what's going on overseas and i think when that is resolved, you will see economic activity shining through. by the way, look at tsa traveler accounts in the first two months of the year, you've had six counts, six days at which they've been above 2019 levels. that means the economy is coming back jpmorgan and berkshire hathaway are the way to do it >> that all sounds great i can't argue with you we have one little problem and it's called the fed. what's today may not nece

so the name that apple is the name that comes up the most on this warren buffett owns it my kids yell at me for missing it as a stock. it clearly you can make the argument that apple is a value stock. i think it's a lot hard ter to make that argument for tesla at its valuations there are smaller names i don't want to call out that have never made money and are trading at $500 billion valuations. so there's still a lot of froth in the growth world. >> all right fair enough. a warning and also places to look for opportunity this year charlie, great to have you on. thank you so much for your time. >> thank you >>> let's turn to rick santelli for the results of the five-year auction. we heard what charlie thought about bond yields. let's get to rick with the numbers. >> it went over quite well, actually it's 53 billion five-year notes. 1.88% at the auction it just tailed the smidge. it was around 1.882. in the when issued market. but that demotion or that degrade to the grade is small compared to the other big positives. we see the indirect bidders most associated with foreign buyers was

those sorts of returns -- that's better than warren buffett.h you mentioned in your intro, was passed in 2012, and the fines really are meager. nancy pelosi also said in that clip that you played that the fine should be more substantial. they should be. they're $200 for filing late, for basically telling people you did things late. in my opinion, there should be a ban. and not only a ban on members of congress individually, but also members of their family. you'll remember that rand paul, he got briefings about the coronavirus very early, and then his wife went out and bought a bunch of stock in gilead sciences. you had other people who were no longer in congress went out and did the same, dumped stocks, in some cases more than a million dollars of stock they owned. jon ossoff, who is the senator who introduced probably the toughest bill along with mark kelly, that would ban members of congress people's families, including their minor children, for owning stock at all. i think that's the way to go because you have to include people's spouses if

be greedy when others are fearful as warren buffett says. ryan payne says it today.ing bell rings] we're slightly off the lows of the session. look at the loss for the nasdaq down 403 points. the dow losing 619. bulls holding -- ♪♪ larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. so, leaving for ohio today as he departed the white house, president biden said the threat of a russian invasion into ukraine is quote, very high. mr. biden believes it could happen in the next several days, end quote. then he added, every indication that we have they're prepared to go into ukraine, attack ukraine. all right, that was a few

doing the same thing time and time again and what i realized over a long period of time like warren buffettpanies and the narrative hasn't changed and everyone is throwing them out when you have to step in. charles: rob, one of your first appearances on this show you were pounding the table on a company called farfetched limit ed and it rallied from april 2 of 2020 to february of last year. i think a rally 970%, then it went into an absolute free-fall and of course it's not the only name i'm sitting on a bunch of disasters like that as well. walk us through a couple things here. first, when you hold the stock that's lurching in the free-fall , when do you decide to cut bait or i'm going to ride it out. what epidemic hads you make that decision? >> it's a great question, and we could actually use farfetched as an example. obviously it takes a little bit of time to teach people how to buy, sell, or hold but let me tell you that stock for example. it first started as a long term growth theme if you look at the luxury market 380 billion, these guys are really the long term platform play for tha

what's this about warren buffett if bought a piece of activision blizzard right before microsoft made: they call him the oracle of omaha for a reason. we're talking about a billion dollar stake in act a vition bid arizona, and -- blizzard. and they bought before the takeover deal from microsoft. so you can imagine that the oracle, i think he had $975 million in activision shares by the end of last year. you to math. 25 up on that. that's pretty good, handsome profit if that deal closes. stuart: did he know something? susan: well, here's the thing, they thought it was cheap given the headwinds over harassment allegations and overwatch was delayed. it's not necessarily warren himself that makes these purchases. he has todd and ted since warren himself has said he doesn't invest in technology, things he doesn't understand. but the fact that they got in before that takeover deal, what does that say to you? if. stuart: it says he knows a lot of what's going on in the background. susan: well, the oracle -- stuart: he does. look at that, we're up 436 points. susan, thanks very much, indeed.

he invested in a company calleds boogied along with warren buffett, by the way, bidfe in addition to doing other things is h involved in advanced guidance systems for chinese missiles. you know, bill gates would have to know that it's not that hard to find iff you investigate what sort of investment. one hundred grand. no, no, no.me this is tens of millions of dollars that he has.ns he also was involved with a chinese company to build small size nuclear reactors, which isc us military points out has application on ships, submarine and he invested heavily in that provided technical expertizelo that was ultimately blocked by the trump administration. you almost never hear real reporting anymore.at whole con peter schweitzer does itve that whole conversation worth seeing. on fox nation free atke tucker carlson netcom and we will be right back . (vwhat makes my heart beat havig everything i want and the place i love. jimmy carter. that's good for. hey, hey, hey. why don't do some laundry, some laundry. your room and delivery came. oh , laundry. we can do that one to do our kexin. oh hi m

on warren buffett's trains. comment on that? host: i do not have any knowledge about that but i appreciate you calling on it. best in tampa, -- beth in tampa, florida. independent line. caller: i have a huge curiosity about how they are pushing for so much of the poor and middle-class all of these freebies and yet in pushing these expensive cars for the future. are they going to buy us these cars? how are they going to afford to purchase new cars? we just bought a car last year. the hypocrisy in that of pushing for the poor, but also pushing these cars. host: pushing electric vehicles? caller: that is correct because they are expensive. host: was your car you bought last year, was it a traditional car, a gas burning car or a hybrid? caller: it is a gas car. we bought a used mercedes at a good price. we are pretty average income for a middle-class couple. i cannot imagine how regular people making a normal income will be able to afford these electric cars. that is a huge impact. host: let's hear from anthony. it

stuart: that's warren buffett now tell me about tesla because their satellite system operative in the>> starlink is separate from tesla, but out performance in a down market so that tells you that the retail investor and the individual wall street bets crowd is still in there and they have money and cash to spend. i would say communications and internet access obviously key in a war, and ukraine's digital minister reached out directly to elon musk on twitter over the weekend asking for satellite system starlink to be activated and musk in 10 hours said yes it's up and running terminals are on their way. stuart: that's a wonderful thing take my hat off to you. good for you. cryptos, i understand there's been a lot of a surge in donation of cryptos, does that affect the price? >> look at the price action in bitcoin so it's reacting kind of like a digital gold, i guess as a hedge against geopolitical bad government policy and inflation, so you're looking at $10 million -plus so far being donated to ukraine's government, also the digital minister there asking for crypto exchanges to freez

warren buffett says there is little that excites us in the current investment climate.teve schwarzman took home $1 billion in dividends and compensation last year. one of wall street's biggest annual payouts on record. blackstone brought its assets under management close to $1 trillion. he made $611 million the year before. coming up, we are counting down to the start of trade in mainland china and hong kong. we will look at which stocks are emerging as safe bets. this is bloomberg. ♪ haidi: the crisis in ukraine is sending asian stock investors searching for hedges and shunning names that could get hammered. for which sectors are in focus, let's look at the sectors that are considered within our risk asset category relative to havens. >> people wanting to be in the commodity space as safe havens. goldman sachs has recommended people to locate into commodity have an australia and energy stocks. we did see energy resurge gained quite a bit last week. and in terms of logistics stocks , shipbuilders in korea. [indiscernible] there is more demand for shipping services from

chairman warren buffett said there is little that excites us in the current investment climate.et, it's about dollar strength putting pressure on asian currencies. also commodities. oil surging and not to mention wheat and gold in particular. daybreak: middle east is next. this is bloomberg. ♪ behold...unlimited wireless for only 30 bucks. that's pretty cool, but you know what's cooler? saving up to 400 bucks! exactly. and if we really want to take it up a notch... get all that and nationwide 5g included. oh nice shot, send that to me. i got you. break free from the big three and get connected to the nations most reliable 5g network. get the new samsung galaxy s22 series on xfinity mobile. and right now, save big with up to $750 off a new samsung device. switch today. yousef: this is "bloomberg daybreak: middle east." the ruble plunges as ukrainian and russian officials prepared to meet at the belarus border hours after president putin puts nuclear forces on highest alert. stocks plunge in oil surges the most since 2020 as western nations reveal harsh sanctions on moscow for the

another story to keep an eye on as japanese earnings roll in, warren buffett's japan trading houses payingis a record breaking rebound in profit. they all surged since 2020, when buffett first revealed his bet. here is a quick check of the latest business flash headlines. the world's largest pension fund is likely to post seventh straight quarter earnings gain on friday. japan's pension investment fund could see returns of almost 2.4% in the third quarter according to one analyst from morgan stanley. while losses are expected in its domestic bond and equities portfolio, gains in oversee -- in overseas shares are set to take off for the first time. amazon soared in late trading after announcing plans to increase its prime membership price by $20 per year. that is the first time it is raised the cost since 2018. amazon fourth quarter profit topped expectations, led by its cloud computing division. however the company sales guidance for the first quarter came in short of estimates. snap shares jumped in late trading after its revenue projection beat estimates. snapchat's parent forecast forec

hedge fund joke, warren buffett asked do the it million dollar yachts in new york harbor belong to hedge fund investors. no, they belong to hedge fund managers. ps, warren buffet once said anyone who knows how to do simple path would not invest in hedge funds. with best regards from john senson a 48 member of sfers. that was the only e-mail public comment we received. >> commissioner: great. thank you, madame secretary. can we open the phone lines for general public comment. >> a reminder to callers if you have not already done so to suppress star 3 to be added to the queue. for those on hold continue to wait until the system indicates you have unmuted. do we have callers on the line? >> we have none. >> commissioner: next item. >> clerk: item 6 the approval of the minutes of the last retirement board meeting. >> commissioner: motion made by commissioner heldfond, seconded by commissioner bridges. >> clerk: moderator do we have callers on the line? >> madame secretary, there are no callers on the line. >> clerk: thank you. public comment is now closed. >> commissioner: greater. motion's

i don't mean to sound like warren buffett, but it's nice to buy stock in a company that does real thingsorld. >> the trucks are all over my neighborhood all day and all might. i will give you the bad news on amazon. the stock hasn't done anything in 18 months. the good news is i believe wall street, the way they were talking about it before the earnings came out came in decently but not as fabulous but they are here to stay. they built a magnificent ecosystem. much more competition for facebook going forward. tiktok is doing a real number on them. facebook, you can't monetize it as much as other things they do. a rough move. amazon is fine. the biggest problem, amazon is so big and tough to move and grow a business the way you used to when you were so gargantuan. they deliver the goods, and open intended. dave: who has more room with nasdaq? you see nasdaq is up one% despite a drop on the dow? a significant drop in the dow. it looks like investors are taking tech cues more from amazon and apple then the meta-world. >> today yes. amazon in simply, a lot of things that were getting hit for

. >> warren buffett owns so much of the stock now on axp and, david -- >> yeah. >> i mean, this is owneditutions and it had a great quarter. let it come in i'm interested in american express. by monday, okay, what -- >> you've been talking abouting axp for awhile. >> i've been loving it if you're in the restaurant business, rezzi is dominant but you don't tie it with everything else. >> ajpmorgan, we don't talk abou it enough. what happened there. >> we don't talk about jpmorgan enough. >> why it it collapse? >> well, there's a view that expenses are greater than anticipated. and that maybe they were under spending in certain areas under investing. >> do you think it's a big story? >> i think that's an interesting story. it colored the entire earnings period for all the banks >> yeah. i've been with a bunch of bankers who say, you know, congratulations for this but who have said we wish jpmorgan hadn't gone first because they made everybody feel like stay away from this. >> yeah. >> you got some analysts, mike mayo at wells, who are concerned there's no end date to this cycle. that's his

shares are up 2% warren buffett's berkshire hathaway, a record profit helped by investments in apple.ord $27 billion in stock just last year david. >> almost exactly how much it earned as well for the quarter morgan, thank you. let's move on now, of course, to the crisis in ukraine. officials from kyiv and moscow holding ceasefire talks today. this as russia's military assault on ukraine enters the fifth day. we are live in moscow. hadley >> hey there, david. just moments ago an exclusive interview i spoke with ukraine's foreign minister and he told me at least so far in the kfrlss between ukraine and russia, the russians haven't shown good faith to find a solution he told me when it comes to what happens next regarding russia's economy, he said, listen, when it comes to the russian ruble, every russian ruble has the mark of ukraine blood he called on exxon, toe talal other major businesses operating in russia to cryptocurrenciesst cea a se immediately he said there should be sanctions on gas, oil, the only way for vladimir putin to be stopped. when i asked him if he feels as if they

warren buffett has been mad about this for years corporations keep mechanically buying and there's oftenot of better ways to spend that cash if you look at what's happening, most of the corporate america's cash is going to buybacks. about 40% of the cash flow goes to buybacks. about 30% goes to capital expenditures that's investing in the company. and about 22% goes to dividends. so you can see a wide range here, but a lot of people are debating whether buybacks are really worth it. look what happened to meta, facebook, they bought back $20 billion in stock in the fourth quarter. most of it was in december that was when the price was 306 to 346, and look, it's around 228 today. billions of dollars got eviscerated that they bought back in december over one night in january after their earnings. a lot of people said maybe they should have been more opportunistic. some big companies are reducing their shares outstanding buyback monsters like oracle, sea gate and qualcomm. all other things going, they made the earnings look better 35% without doing much of anything some people call it financ

but warren buffett back in the days of high inflation, 1977, said the following, if we could put thed out of securities in a way that defeats the inflation tax, i'd like to be your broker but not your partner. did he get it right, and does that still hold true? >> yeah. i think so. look, inflation hurts everything, right? you're seeing rising labor costs. i mean, scotty's captain crunch diet is in a lot of trouble right here -- >> come on! [laughter] >> things are not going to get better anytime soon. to scotty's point though, look, a lot of people are blaming the fed. we heard that before. the biden administration has done just about everything wrong to ignite this bubble that we're seeing right now. david: yes. >> starting with the nomination of powell. traditionally that's done june, july. he waited all the way until november, so the fed tonight want to move ahead of that. he's out there yelling at appropriators now because of the fact that he -- reporters because of the fact that he got it wrong. but you're already starting to see cracks, david. if you rook at the higher end of t

is fascinating especially that berkshire investment it is so large, you have to wonder whether warren buffetting from the filings is around growth in tech stocks, how disease idoes it speak to, i guess, the dominant market themes in 2021 and the unwind since then? >> it's pretty remarkable, especially if you look tat the returns. a lot of the fund managers that specialize in the growth and tech oriented pockets of the market, those got hit the hardest in january in terms of returns. we saw returns, the bottom was more than negative 15% for january. that's a remarkable, remarkable performance figure when you think about just the amount of losses they could get. but that's largely concentrated in the tech and growth areas value investors, on the other hand, sticking to more of the types of holdings that have been been as profitable over the last few years. perhaps 2022 is their time to shine. >> all right leslie picker, thank you for combing through all the filings. >>> we have big earnings reports to watch after the bell, as well, today, including airbnb, viacom cbs, roblox don't miss the ceo

here's a headline for you, warren buffett is buying into crypto. hold on a minute.] remember, please, that his right-hand man, charlie ming, called bitcoin rat poison squared. is he actually buying crypto? lauren: yeah, yeah. sort of. so berkshire hathaway is buying a billion dollars of a digital bank, new bank, brazilian-based, that does not allow trading in cryptocurrencies. but one of its units allows investors to invest in crypto. baby steps for buffett and munger. and i i just want to point out that the situation in latin america and brazil, it's different because there there's large disstatistics with their traditional -- dissatisfaction with their traditional banking system. stuart: all right. thanks, lauren. now this, absolute chaos and some outrage in canada's parliament after prime minister trudeau accused conservative members of supporting people waving swastikas. watch this. >> he fans the flames of an unjustified national emergency. mr. speaker, when did the prime minister lose his way, when did it happen? [applause] >> to my conservative party members

tom murphy resigning he served on the board since 2003 the ceo warren buffett said he talked me morening a business athan any other person. my only regret is i did not meet h him earlier. he said he would feel more comfortable ending activities at berkshire. i accepted his wish. he will continue as a major shareholder and friend he is an iconic person in the industry he was at abc until 1996 he started for the hudson valley broadcasting company in the 1950s and wasorked his way up he built the broadcasting company to the huge conglomerate he engineered the acquisition of abc by capacities. abc was bought by disney in 1995 for $19 billion. here is former disney ceo bob iger speaking about murphy >> tom murphy judgment exuded integrity in everything he did and taught me -- reminded me, really, in ways my parents taught me, he reminded me out important it was in every single decision you makie and interaction with everybody in a job. >> warren has told stories about tom and how much he learned from him. one of the things he talked about was how tom was able to really make things seem re

jokes on internet not so funny is about nancy pelosi and her husband being being, better than warren buffettillions of dollars joeks about hbo bidens in addition to other shows bad stuff the only way to fight it exposing as peter schweizer others have done the way to do it get, enforce existing laws how about that? >> spotlight on it ryan steve stay right there the next hour of "mornings with maria" begins right now. . . maria: good tuesday morning welcome back thanks so much for joining us i am maria bartiromo it is tuesday, february 1st top stories right now 8:00 a.m. on the button. a fresh start on wall street after stocks closed out the worst month since march of 2020 futures this morning are mixed, we've got a new month the same old issues, a potentially volatile market this week, ahead of important technology earnings we've got google parent alphabet coming out with quarterly earnings after the close tonight amazon,as well as meta later in the week, stocks capped a tough month strong rally as you can see, today, the market is mixed but the yesterday, on the final trading day of january

. >> you think someone thinks warren buffett trades on inside information? is inside information if he wants goldman sachs to pay him 12% during the financial crisis, they will pay him 12%. he does not need to use inside information. he is inside that's just absurd the idea he is how old? he will start that now when he is worth -- 90 he is worth -- that's ridiculous. >> it is i think what is more concerning in the era of fake news accusations thrown out >> misinformation. >> things happening like that. we need to make sure that we correct things quickly when we screw up people screw up. people make mistakes it is on us to correct those things and loudly. the crazy thing is he sent the letter to cnn and fortune and the new york post. the post has a bad wrap for building a tabloid newspaper without checking anything. >> i take the new york post over cnn. >> cnn had a stoiry suggesting look at the times. it is interesting. the new york post wrote a tiktok saying here's what we learned. i don't know >> people have different views of different newspapers. new yor

warren buffett. i'm really good at simplifying.-set. my wife is an 8-hour sleeper. i met dr. walker who is the number one sleep expert in the world and i was looking at this late chapter and i had to be up three hours later. he said there is a steady that was done with 1.6 billion people. i said you couldn't organize that. he said i didn't have to. it's called daylight savings time. when we spring forward and lose just one hour a night for the next three days, heart attacks jumped 24% on average in every country they do it. when we fall back and gain one more hour of sleep, it aroused by 21%. examples of traffic as well. there are some simple things that you can do that i can completely change your life and there are some tools now that are amazing. i show you what's coming in the next 12-36 months. you know it's available now and what's coming. i'm sure you saw a couple of days ago, this is for liquid cancers like leukemia. people in the cancer business never use the word cure. they put these cells into people ten years ago. they

you know, warren buffett says you bet on ceos and you look at them more than you look at the companies is joe burrow or whether it is, you know, it was montana in the past. who were the guys that can will their team to victory? and he's done it time and time again, and i got to say on the other side the rams, not great in the clutch. they blew a 17-point lead against the 49ers the last game of the season. they've been shaky in the playoffs as well. but this game is being played in l.a. they should have a massive home field advantage. all of that said, i'm still going to pick the bengals. david ignatius, what about you? >> you know, i got to go with the bengals. my wife's from ohio, so she would be angry if i wasn't for the bengals. >> good call. >> but, you know, i think it is just their moment. how cool -- you know, i rarely say this. how cool the super bowl is coming up. it looks exciting are shaq's report. >> l.a. has the talent. i love matt stafford, he is a dallas guy, but i'm with you. the bengals might be a team of destiny. they got hot, they snuck into the playoffs. they starte