barron's associate editor, andrew bary, has details. hate calling you associate editor because you are the guru of the newsroom. pfizer on the cover with the contrary in stands, one of the worst is the s&p 500. >> covid friend size is under pressure, covid related sales, and earnings down 50%. fears that covid is no longer a major global health problem in vaccine sales continue to erode. jack otter: why now this time for pfizer? a dog for decades. andrew: the covid franchise may prove more durable. for starters, 75 million americans over 60 and many get a covid booster every year at the price of the vaccines going up $100, 25, as market shifts to a commercial pay from a government paid program. jack: you are my spiritual leader, but you mention the come down. if you put them together is the biggest clip i've ever seen, this is wiley coyote going off the cliff in the rocket rollerskates, landing, the anvil falls on him, covid drugs are the bestsellers in pharmaceutical history, that could be tens of billions of dollars. you have some oth

andrew bary is looking inside the berkshire hathaway portfolio.he's holding onto and what he is selling off, next. ♪ inner voice (kombucha brewer): if i just stare at these payroll forms... my business' payroll taxes will calculate themselves. right? uhh...nope. intuit quickbooks helps you manage your payroll taxes, cheers! with 100% accurate tax calculations guaranteed. it's easy to get lost in investment research. introducing j.p. morgan personal advisors. -hey david connect with an advisor to create your personalized plan. -let's find the right investments for your goals okay, great. j.p. morgan wealth management. i screwed up. mhm. okay, great. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could sw

andrew bary, carleton english and jack hough.een takes off to go skiing leaving you to claim the worst we can the market. jack hough: third straight week of declines for stocks, the losses were concentrated at the beginning and end of a 4-day week. the s&p fell 2%. we got economic warnings from home depot and walmart and a report from morgan stanley that us stocks have entered the death zone. that doesn't sound good. one of my least favorite zones. i spoke with mike wilson, the chief investment officer of morgan stanley, that is a mountain metaphor. stock prices look too high relative to the yields on bonds. he doesn't think bond yields will come down anytime soon and earnings estimates are too high. put it together, us stocks could fall 25% in the first half of this year before rebounding later in the year. on friday, the personal consumption expenditures price index, that is the preferred inflation measure. it rose a little bit. whether or not you believe stocks were on the death zone consumers were stuck in this sticky inflati

please welcome andrew bary to the panel, great to see you as always.buffett is about to release his much-anticipated letter. he will finish by 9:00 a.m. saturday morning. before we get to what you are looking for how has berkshire stock been doing? andrew: it is high in the market. it marched up 6% last year. it is a defensive stock, does better in weaker markets and worse in stronger ones. jack otter: his favorite holding period is forever. berkshire hathaway has been doing some buying and selling recently. what do you make of that? andrew: he sold most of taiwan semiconductor which was only purchased in the third quarter. turnover in verizon stock, bank stocks. his investment -- they manage 10% of the portfolio, they trade more actively than he does and they may be behind these moves. jack otter: paramount mobile out-of-favor, berkshire is doubling down. free cash flow is negative at the moment. is it valuation, takeover potential? buffett might be a huge evis and butthead fan? andrew: it is a $2 billion holding for berkshire, traffic in the bigger s