it's woodstock for capitalists of berkshire hathaway annual meeting happening in omaha next weekend.ent andrew will tell us what to watch for at the event as shareholders worn succession plan later jack house twist on investing plant we begin with our expert panel and three things investors should be thinking about right now for the barron's roundtable at my it mit colleagues jack hough, megan, i'll start with you after some down weeks and finally sent an uptick in stocks this week which was not bad on earnings mostly? >> is a little wobbly there for a while without soft gdp we've got elevated inflation. finance afinancing nerds acrossn manhattan began beating their chest and stagflation consumer spending remains strong. stubborn but the economy is coping. companies in the s&p 500 are beating earnings they always beat earnings by a little more than usual though, that is a good sign. first-quarter growth is to trending toward 5% plus the full year estimate is 10% earnings growth. we will see, will see the estimates come down as we go further on in the air. it was good to see good numb

why is berkshire hathaway but you are going for?he past seven or eight years. berkshire hathaway is an apt analogy in the sense we look at a lot of this as models and why some firms have been more successful over time and there are many powerful messages and what they have built. it's a power of long-term ownership of assets, great dozens is in the power of compounding and the real power of smart capital allocation within your business.that's what berkshire excels at doing. our version of that in strategic holdings we built a portfolio today within our core private equity business of 19 great businesses we expect to own for a long time. those businesses will start generating meaningful cash flow for us in the form of dividends. we started this business eight years ago and as those companies grow and deleverage, they are now in a position to start paying meaningful after-tax dividends. what we announced yesterday is the dividend stream will be 300 million dollars plus by 2026, doubling and getting to over one billion plus. >> the bac

. >> one notable on the low-end worm profit of berkshire hathaway gets $100,000 a year and that pay hass and is talked about the dynamics and corporate board rooms that lead to big pay packages and increases he says corporate board members don't want to rock the boat and anger the ceo and the pay consultants at the ceos bring in are really going to recommend lower pay. jack: he says if you want to get invited on the board making waves at the other board you're on is not going to help you. >> later actionable ideas what you have for us. >> the apartment of labor is expected to announce a new role with advisors to new standard you might assume your financial advisor acting in your best interest but that's not necessarily the case across the board so i have a word for you it is fiduciary if you're considering hiring a financial advisor ask if you're a fiduciary if that means yes they're duty-bound to put your interest out of their own. jack: is like a doctor or a lawyer. it should be a yes it should be a know it's a yes or no. >> what is your advice. >> i'm looking at united rentals, this

. >> they actually might be a long-term investment even though berkshire hathaway got involved a couple act and then got out. they may not be trading sr. deans as much anymore, but it's going to be hard to win over investors. jack: technology isn't just powering the market higher, ark investments' cathie wood shares her insight on where the opportunities are and how she's helping individual investors get access to openai, next. there are. were you worried the wedding would be too much? nahhhh... (inner monologue) another destination wedding?? why can't they use my backyard!! with empower, we get all of our financial questions answered. so we don't have to worry. empower. what's next. business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. ♪ ♪ bounce back fast from he

. >> they actually might be a long-term investment even though berkshire hathaway got involved a couple act and then got out. they may not be trading sr. deans as much anymore, but it's going to be hard to win over investors. jack: technology isn't just powering the market higher, ark investments' cathie wood shares her insight on where the opportunities are and how she's helping individual investors get access to openai, next. there are. ♪ jack: ark informs is known for focusing on innovative companies and suffering the volatility that comes with that approach. the firm is out with its annual list of big ideas, quote, disrupting the norm, defining the future which includes themes such as around artificial as well as, electric vehicles and autonomous technology. joining me now is ark invest's ceo cathie wood. thanks so much for coming on the show. >> thank you, jack. very happy to be here. jack: so i'd like to start where a lot of these tech conversations start, with a.i. but your firm just announced that you're giving individual investors the opportunity to get a piece of openai which

$300 million of dividends and its strategic unit by 2026 with plans to double that by 2028. >> berkshire hathawayls, why certain firms are successful over time. there are lots of powerful messages and what berkshire has built, the ownership of long-term assets, great businesses, the power of compound, the power of smart capital allocation in your business. yahaira: the biden administration is ramping up its aggressive economic stance toward china. the commerce department added six new companies to a blacklist on exports this week. that brings the total number of firms lack listed by biden to 319, but most of any u.s. administration, topping the 306 that donald trump added while in office. samsung is preparing to announce a 44 billion dollar investment into u.s. chipmaking as early as next week. it's a signature project in washington's broader efforts to bring semiconductor production back to america. sources say the biggest memory chipmaker plants are the project in texas alongside, secretary gina raimondo. lisa: thank you so much. pushing back the rate cut timeline. >> the recent data has not ma

. >> they actually might be a long-term investment even though berkshire hathaway got involved a couple act and then got out. they may not be trading sr. deans as much anymore, but it's going to be hard to win over investors. jack: technology isn't just powering the market higher, ark investments' cathie wood shares her insight on where the opportunities are and how she's helping individual investors get access to openai, next. there are. (♪) is bad debt holding you back? ♪ the only limit is the sky ♪ ♪ it's our time ♪ ♪ you don't want to miss it (just a little bit louder) ♪ ♪ it's our time ♪ ♪ you don't want to miss it ♪ ♪ it's your moment in the spotlight ♪ all your ambitions. all in one app. low fixed rates. borrow up to $100k. no fees required. sofi. get your money right®. students... students of any age, from anywhere. using our technology to power different ways of learning. so when minds grow, opportunities follow. ♪ there are many ways to do things. at old dominion freight line, we do them this way. this way has people who start early. people who care and inspire each other to d

. >> they actually might be a long-term investment even though berkshire hathaway got involved a couple act and then got out. they may not be trading sr. deans as much anymore, but it's going to be hard to win over investors. jack: technology isn't just powering the market higher, ark investments' cathie wood shares her insight on where the opportunities are and how she's helping individual investors get access to openai, next. there are. ♪ ♪ if you have wet amd, you never want to lose sight of the things you love. some things should stand the test of time. long lasting eylea hd could significantly improve your vision and can help you go up to 4 months between treatments. if you have an eye infection, eye pain or redness, or allergies to eylea hd, don't use. eye injections like eyla hd may cause eye infection, separation of the retina, or rare but severe swelling of blood vessels in the eye. an increase in eye pressure has been seen. there's an uncommon risk of heart attack or stroke associated with blood clots. the most common side effects were blurred vision, cataract, corneal injury,

berkshire hathaway priced more than ¥260 billion of bonds, it's the largest debt deal since 2019 when in the japanese currency. let's get more from asia credit reporter i.s.. why is this deal important and what was the focus? >> thank you. it was one of the most focus deals in japan because it is one of the first and biggest deals from a foreign issuance or since japan ended the negative guilt policy last month. it was focused and also how much it can attract demand from investors will be interesting because warren buffett has a history of investing in japanese stocks and especially major japanese trading houses. so it has implications to the stock market as well. tom: burke shire is an issuer of bonds. why would the u.s. company raise bonds in the japanese currency? >> non-japanese companies would raise the end bonds, they have different reasons. but for burke shire, it bought trading houses, shares in the past and it is said that it wants to buy up to 9.9 percent of trading company stocks, so still room to buy more. people are expecting the company will buy japanese stocks and warre

fine i can't give you a reason to own this finally, let's not forget about the subsidiary of berkshire hathaway way we don't have the numbers yet as berkshire doesn't report until this weekend but we have the full year results from 2023 and they were not good they were actually not good at all. declines across the board, 8% decline. most important part. plus, they're going in the wrong direction, too i can't believe warren buffett will tolerate that kind of performance. we'll find out when becky quick travels to omaha boots on the ground then for saturday's meeting this is the company i'm most interested to hear buffett talk about. i think losing market share to canadian pacific so things have gotten not only worse for the railroads since the last time we checked in on them, three months ago that's the brown chutes talking. still, doesn't mean the stocks can't work that would make it a great self-help story if the activists win. but apart from the situation, my views on this group haven't changed. followed by canadian, kansas city csx in third the more likely it is the fed will cut rates then t

david: i smell berkshire hathaway, they love union business.n the dow was down 620 points and union pacific is up 4. 7% that's a big deal. stuart: david: president biden signed a foreign aid package which included a tiktok crackdown. is biden still going to use the platform to campaign? as back and here's national security. >> i but campaigns decide what they are going to do. the terms of the bill is straightforward, tiktok continues to operate until either there's divestment or the timing, what we are focused on is working through that to vestment in a way that's consistent with the law and the national security concerns that brought the law into force. lauren: if you signed legislation that says tiktok is a national security risk and you want to be president of the united states again, don't campaign on it. and this explains the silence about university campuses. david: montana attorney general austin knutson joins me now. let's talk tiktok if you don't mind. there's questions how they are going to sell, if they are going to sell despite the

. ♪ ♪ >> berkshire hathaway is apt in the sense that we look at business models.cessful over time and a lot of messages. it is the power of long-term ownership of assets and compounding in your business. kriti: co-ceo of kkr on why he is taking a cue. i think of the way warren buffett approached banks, securing earnings. bank of america and citigroup reporting today. i'm joined by jenny. let's start with the big one. j.p. morgan have been the king of wall street. it does that continue? jenny: we will not see diminishing of that so are looking at net interest income. they laid out what they think is going to happen. if you go back to january, you remember banks expected rates to come down, so they were saying as a result income was going to come down three months on. that is more of a debate than it was in january. it seems like we are higher for longer so i think you will see that in the way they talk about income from the first quarter and their outlook for the rest of the year. kriti: is this peak profit for the cycle? i'm curious if that shows up more in j.p. m

. >>> berkshire hathaway is selling yen bonds. n buffett considering more investments in japan. berkshire is the first major overseas debt issuing insurance the bank of japan scrapped negligence tough rates last month. >>> we turn attention now to the cryptocurrency sector with bitcoin crossing above $72,000 for the first time since the middle of last month. we saw it down 1.5% this morning trading at $70,600. and the coin ethereum is fueled by the expectations of the approval of a spot ethereum etf. sarah kunst is still with us. we have the halving coming up in a few weeks and the ethereum which people see as a viable and useful crypto because you can build apps on it. >> when crypto comes back, it comes back across coins. you don't just see bitcoin. we have seen some of those coins that are a little bit as a lag are ramping up the last couple months. i'm not surprised with ethereum. the crypto diehards think ethereum is a perfect bitcoin. the price never catches up. i do think we will continue to see positive moves. >> i think so

it's berkshire hathaway is number seven. in terms of what's happening in the markets, we're seeing the same time of trade this year versus last year. the major difference, the worst in 2022 were tech and had this fundamental tail wind. i'm not sure that the eight of ten best performing stocks have a great fundamental tail wind. >> it is a big day for several of them. dee, we'll start with you with this alphabet news. >>> google is on both sides of this gena. i. race. it needs to provide compute power. so a.i. resources of which high-end chips are critical has to be rationed in some way or another or google needs to bring in silicon. so that's exactly what google and its mega cap rivals, by the way, are all doing. acxio is the newest, capable of tasks from a.i.-related work. the custom chips, it's been at this for some time, it's been mixed. gen a.i. darlings like anthropic used tpus, another custom silicon. google doesn't provide that full hardware/software stack nvidia, for example, has built and which has helped it retain

berkshire hathaway is an apt analogy in the sense we look at a lot of business models, why certain firmsre a lot of powerful messages and what they have built. it is the power of long-term ownership assets, the power of compounding, and the real power of smart account allocation within your business. that is what they excel at doing. our version of that is we built a per folio -- portfolio today. great businesses we expect to own for a really long time. those businesses will start generating meaningful cash flow for us. we started this business eight years ago. as those companies grow and deleverage, they are in a position to start paying meaningful after-tax dividends. what we announced yesterday is dividends -- $300 million plus. by 26, doubling and ultimately getting to $1 billion plus at the annual upgraded earnings for us. >> the background to all of this is we are students of long-term value creation. when we became a public company, our market cap was $7 billion. it is now roughly $90 billion. what we are focused on is how to double that again and how to do it as we look to the fu

berkshire hathaway, visa and mastercard drive a lot of the action, and specifically, check out some ofop performers in the past year-to-date period. three stocks in familiar are among the best performers, each up 20% so far in the first part of the year. check out progressive, allstate, and hartford what do they have in common? maybe it goes without saying, they're all in insurance, and among the best performing financial stocks so keep an eye on the insurance companies. it's not just about the banks in the financials >> dom chu, thank you very much. pippa stevens now with a cnbc news update. >>> former president trump's lawyers finished their cross-examination of publisher david pecker this afternoon. on redirect by prosecutors, pecker confirmed that he bought the story of former playmate karen mcdougal alleging an affair with trump to influence the election he added the purpose was to acquire lifetime rights so no other news organization could publish it >>> 21 million people are at risk from iowa to texas for severe storms. the storms are forecasted to bring hail, flooding and possi

for berkshire hathaway, you don't hear that too often. home depot and ibm have been off for the past five straight. trying to end some streaks or continue them over he final stretch. the road ahead for stocks, some bigger potholes are now lurking. let's ask adam parker the founder and ceo. good to see you. so man, you've been bullish laying out your case for higher margins, higher stocks. are you rethinking that now? >> no. not really. i think when you are in this band, good news is good and bad news is bad. if it gets too hot, and i could see us getting back to that too good or too hot and suspend cutting and maybe even hike. you've got a lot of that the last couple of hours but it's not the conclusion-- the conclusion isn't in. i think it's mixed with housing data was light, retail was strong, it's like the weather. 80 and then it's going to be 50. >> just make up your mind right? >> so we are getting some inconsistent data but i don't think it's enough to make them start hiking rates. what were these guys, at seven cuts at the beginnin

this year our trader will tell us which one he's buying and a quick programming note, the 2024 berkshire hathawayting is this saturday cnbc's exclusive coverage starts at 9:30 a.m. eastern don't miss it. we'll be rightac bk. (grandpa) i'm the richest guy in the world. (man 1) i have time to give. (man 2) i have people i can count on. (grandma) and a million stories to share. (vo) the key to being rich is knowing what counts. ♪ ♪ ♪ ♪ ♪ >> welcome back to "the exchange." you can see your session highs on the dow shares of aptar group up 2%. one of the biggest first-quarter tailwinds was increased demand from obesity drugmakers and management expects continued strong pharma performance throughout the year. aptar also makes spray and pump bottles and "the exchange" has been tracking that since the pandemic we first spoke with them for our out of stock segment when hand sanitizer was a red-hot commodity. back with more and an exclusive interview is aptar ceo stefan pandhar. give me a sense now of the market particularly just on the consumer side first? i mean, we used to have this supply chain bottlen

. >>> and berkshire hathaway lower today. the stock notching its seventh straight day of losses.longest losing streak since 2018. >>> and bitcoin following below $63,000 as the entire space pulls back. the halving expected to happen this week, reducing the amount of bitcoin in circulation. >> we have seen the post-halving rallies happen beforehand, dan? >> the spot bitcoin etfs, that was a lot of excitement, it went from $40,000 to $75,000, almost in a straight line. and this event, which is obviously telegraphed, no one knows exactly when it was going to be, it does greatcreate grea scarcity. interesting to see how it trades after this sort of event. the one thing i'll mention, over the weekend, there was very few risk assets that trade 24/7. it did trade. it traded down when bombs started flying into iran. that's what it tells about the risk asset compared to others, that this is meant to be a value, supposed to do the thing s. >>> turning now to japan, where the yen has hit a 34-year low despite recent moves to help boost the currency. the country's finance minister says he wi

berkshire hathaway in 1999 -- liz: okay. you're a long-term investor. >> i'm a marathon runner. then they've got great ideas -- like you said, he's no idiot over at skydance. i'm just playing devil's advocate -- >> no, you're not, you're being fair. she has to take what he wants to do for national amusements. i just want the same pice for my voting shareholders as she's getting for her voting shareholders. all were created equal. liz: what are your favorite opportunities right now of companies that you feel are well managed? >> well, our ideal world is a well managed, a good business by a well-managed company and, liz, a reasonable price. some of the ones that we've looked at in the past, gatx out of chicago, the rail business. we've owned that for 45 years. they know how to buy equipment, they know how to rent it, heavy gone to be india, they've gone to europe. they're now dealing with engines that are in short supply, and they are making money. the stock is, symbol is gat, an- liz: yep, it's under there. $127 right now. >> and they basically will earn $8 next year, and they ha

this saturday is the berkshire hathaway annual meeting. warren buffett will take the stage to answer shareholder questions for five hours. you could see it all right here on cnbc. you can watch it streaming on cnbc.com. the day will kickoff at 9:30 a.m. eastern time. mike santoli and i will be there along with 40,000 other people. we will be joined by board members and managers and shareholders. a few surprise guests for you as well. we will have full access to warren buffett on stage and alongside him as his special guests. you can see it on cnbc and c cnbc.com. >> announcer: this cnbc program is sponsored by baird. visit bairddifference.com. this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo when it comes to investing, we live in uncertain times. some assets can evaporate at the click of a button. others can deflate with a single policy change. savvy investors know tha

when berkshire hathaway decided they would select the contractors to build pipelines in the midwest byed. pipelines. if anything should be built to last, it is critical infrastructure. management was treating the labor to build this investment as if they were disposable. we joined with the ua, with the laborers, with other democratic state treasures and with other union pension plans and we objected. we may not win every fight, but we are not afraid to sit across the table from the ceos and make sure they use skilled labor and they build projects to last. if you build it right the first time, you will save costs over the long run. we also thought differently about my office. when i took office, we were paying over $800,000 to lease space in two different buildings. we want to bring all of our employees together in one building and we wanted to own it. we found a building that no one else wanted. we saw potential that no one else did. and we got a very good deal. brought everyone together under one roof and wanted to make sure it would last well beyond my years as treasurer. to do that,

[applause] >> when berkshire hathaway decided they would select the contractors to build pipelines inith the laborers, with other democratic state treasurers and other union pension plans and we objected. we may not win every fight, but we're not afraid to sit across the table from ceo's to make sure they use skilled labor and build projects to last. if you build it right the first time you'll save costs in the long run. [applause] >> we also thought differently about my office. when i took office we were paying over $800,000 to lease space in two different buildings. we wanted to bring all of our employees together in one building. we wanted to own it. and we found a building that no one else wanted. we saw potential that no one else did. and we got a very good deal. we brought everyone together under one roof and wanted to make sure it would last well beyond my years as treasurer. to do that we used union labor. [applause] >> we used union labor to renovate it, to make it more efficient, ada accessible and modern fire codes and it's less to operate than the leases we were paying and

berkshire hathaway 13% of the financial sector at this point visa and mastercard are big in there.t a pure read on banks, but it is telling the favorite crowded growthy stuff where you're seeing the pain and seeing more kind of boring defensive value, at least, you know, find some support here. >> mike, we'll talk in a little bit. mike santoli after the break we'll talk about the cracks in the armor when it comes to big tech. we mentioned tesla, apple, microsoft, nvidia down on the nth as well. we'll talk with wedbush's dan ivess in a moment. >>> welcome back to "squawk on the street." tough week for tesla as you know on pace to end the week down more than 10% if shares end the day lower. that will the stocks longer daily losing streak since january. we know that tuesday is going to be a big day you say the clock has struck midnight and the line that struck out to me, trading in the model 2 for robo would be a tragic gamble in your opinion. >> i think it would be a gamble that could maybe even define the future of tesla in the next three to five years. i think right now the big ner

cnbc fed survey on the outlook for inflation and growth and reminder this coming saturday is berkshire hathaway's. warren buffet will take shareholder questions. we'll be directing some of those questions to mr. buffet along with other executives. a shareholder with a question send it to berk shire questions @cnbc.com. stay tuned we'll be right back. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire there's no sure-fire way to prevent accidents at work. so talk to your agent about worker's comp insurance from pie. or visit pieinsurance.com and get a quote. safety first, then pie insurance. >> no application fee if you apply by may 31st at university of maryland global campus, an accredited university that's transformed adult lives for 75 years. you're not waiting to win, you're ready to succeed again at umgc.edu. raising you was no bed of roses. are you getting me anything for mother's day? go to 1-800-flowers.com. oh my gosh

kraft heinz made up a little more than 3% of berkshire hathd hathaway's holdings.e there live at 9:30 a.m. eastern. "the exchange" will be right back. (fisher investments) at fisher investments we may look like other money managers, but we're different. (other money manager) how so? (fisher investments) we're a fiduciary, obligated to act in our client'' best interest. (fisher investments) so we don't sell any commission-based products. (other money manager) then how do you make money? (fisher investments) we have a simple management fee, structured so we do better when our clients do better. (other money manager) your clients really come first then, huh? (fisher investments) yes. we make them a top priority, by getting to know their finances, family, health, lifestyle and more. (other money manager) wow, maybe we are different. (fisher investments) at fisher investments, we're clearly different. it's a beautiful... ...day to fly. wooooo! you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that co

a reminder, this coming saturday is the berkshire hathaway annual meeting. ve hours and we'll be there directing some of those questions to warren buffett. if you're a shareholder with a question, please, send it to berkshire esonqutis @cnbc.com. stay tuned we'll be right back. tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. (♪♪) at enterprise mobility, our experts always see another road. because when there's no limit to how far mobility can go, there's no limit to how far businesses can go. (♪♪) did i read this? there's no limit to how did i get eggs?can go. where are my keys? memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com >>> welcome back to "squawk box. our 23next gift joins us on spos and how the medical w

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