i've owned berkshire forever, 52 years.y family has followed it, but we don't commit to owning stocks forever. we do commit, when a fellow sells me his business we're going to keep it, we're not going to sill it. we're not a private equity firm. if it's dispointing we'll sell it, if it's one of those two categories. that one section what i call ground rules, ambiguous, one of the directors mentioned it to me, so i thought i better make it clear. >> should that lead us to think you might be selling any of your ultralong-term holdings, wells wells fargo, coca-cola, american express. stocks you have held forever. >> we have no intention of selling those. what if the greatest deal came along -- no ban on selling those. i have no plan to sell them. i wanted to clear up one pont, the way i said earlier wasn't clear. >> t-20, i'm going out of order, t-20 from chris writes, what are your thoughts on border adjustment tax? we've talked about that already. he does want to know was this a factor of your recent sell of walmart. maybe y

in the meantime, berkshire cutting its stake in walmart, shares off a little bit, and berkshire exited those shares are unchanged. boosted its stake in heinz and herbalife, cutting its stake in paypal, nuance, freeport-mcmoran. berkshire, it is probably holding those positions for a while. , a little more nimble, so this is a snapshot of its trading positions at a moment in time. has sued and thumb after ending their $48 billion agreement, a deal blocked by a u.s. judge, then minutes later, and from said cigna had no right to terminate the agreement hear it for more, let's bring in drew armstrong. what is going on? >> so much for valentine's day. cigna is trying to get out of there. it looks like we are entering what will be a lengthy and protracted legal fight after this 18 months of trying to get together. the doj sued and was able to block this deal earlier this month. , which has never gotten along well with and from them, and they are saying no, we are not breaking up, let's keep this going. julie: i know this is fresh. this came out an hour and a half ago, that the two were termi

i would be lost at berkshire-hathaway. sue: yeah, i think if we tried to understand all those things, we wouldn't be very good board members. i think we look for great ceos that are able to run those businesses, and that also feel very much aligned with the berkshire values in terms of how we generate cash and create value. laura: i wanted to change the topic for a minute to one that's big in the news, what's going on around immigration and the tech world. and i'm really curious your take on where this is going. i mean, it feels like there's just this increasing clash with the trump administration. do you think they need to figure out how to work with the administration? any thoughts on where this might go? sue: no, i do think that washington and silicone valley really need each other, and i think this is the core issue where there is not alignment. and i don't know where it's gonna go. i think that when you look at the whole trump agenda, there are puts and takes in that. some corporations are excited about lower taxes, t

today we learned that berkshire holds 43 million shares in southwest.are digging through more of these holdings and others and will come back swoon more details. >> thank you very much. leslie is pouring through the filings here. what does that tell you? in the laugh quarter, apple's range. any place you pick it, it is a profit. what do you do? >> i don't think you initiate a new position. i think this story will be for the whole year. it is ball the iphone 8 coming in september. so you'll get a chamnce. don't buy just because you heard buffett bought it. >> especially with you're listening to a guy like warren buffett has done. he's long term picture. he's not a trader, he's an investor. apple has had big move. i'm not sure he is expecting that move in the quarter. with airlines, i think he was making a call that these are companies much better run at the start of the quarter. they were trading in quarters and are less profitable. >> now would you rather. >> i leak this game so much. i have to close my eyes. >> goldman sachs or apple? >> goldman sachs.

. >>> berkshire hathaway chair and ceo appeared on "squawk box" for three hours earlier today giving us his thoughts on the market and whether or not investors should invest in stocks which are sitting at all-time highs. >> the important thing is that you've got the wonderful assets out there to own them and which ones do you own? if you save money, you can buy bonds, you can buy a farm, you can buy an apartment house or you can buy a part of american business and if you buy a ten-year bond now, you're paying over 40 times earnings for something whose earnings can't grow and, you know, you compare that to buying equities, good businesses, i don't think there's any comparison. we are not in a bubble territory or anything of the sort. now if interest rates were 7 or 8%, then these prices would look exceptionally high but you have to measure -- you measure everything against interest rates basically and interest rates act like a -- like gravity on valuations. >> he never ages, does he? he's a man in his 80s who still buys green bananas. good for him. >>> let's get to our "closing bell"

berkshire hathaway making moves. it raised its stakes in appleby 42 million shares. it now reports owning 57.4 million shares which would make berkshire stake worth more than 7. $7 billion. that makes buffet's firm one of the biggest ten apple investors. also reporting a $9.3 billion airlines stake. we knew about these investments -- we knew it made these investments but these are much bigger. they increased them dramatically. at this point he owns american, 9%, delta 8%, southwest, 7%. united 9.1%. that makes him the number one or number two owner in those airlines. the congress glom mer rate talking about theirs. buffet says he's not going to be speaking about any of these issues until he sits down with us on "squawk box." that is coming up on february 27th. that will be three hours. the live ask warren show. it's not too early to send in some of the questions you might have for warren buffet on twitter or facebook. if you do that use the hashtag #askwarren. we'll ask him about the annual report that comes out on that saturday. he'll sit down with us for three hour

for a guy that once shunned tech, apple is now the sixth largest holding in berkshire hathaway behindmerican express, ibm and coke colda, apple represents just under 5% of the stock portfolio. berkshire, of course, known for value investing, continued to put money to work in apple, sign that it thinking the stop has room to run. other investors were less optimistic, tiger global management showed in its filing that it dissolved its position in apple, third appointed and it is -- back to you, jon. >> thanks, leslie. >>> for a closer look at apple, we bring in walter price, and brian white, drexel hamilton, global head of technology, hardware and software. gentlemen, good morning. brian, this planet of the apps show that apple has a trailer out for now, not getting the best reception, but at the same time part of the argument for apple going higher is the services business. i know that this show itself is negligible when it comes to retch prospects, but just in terms of isn'tment and what it says, does it factor in at all for you. >> the most important thing is keeping this ecosystem ex

berkshire more than doubled its position in american airlines.ta, he added 54 million shares and added 24 million shares to united. some new positions as well, he also increased or added a position of 8 million shares to monsanto, which, of course, signed a deal to be acquired by buyer in october. that deal is still pending, he took a stake in sirius xm as well. the company adding 166 million shares. these are as of the end of the year. we're still digging into the numbers a bit more and we'll get back to you soon. >> sold out of walmart, sold down from verizon, leslie, thank you. >> there's a lot happening here, the sirius position is interesting. >> it's a company that's in the drama. there's some clustering there with in billionaire value investors, i wouldn't be surprised to see them in the same place. in terms of the overall turnover, i feel like prices changed a lot. when prass change a lot, you have a lot of things that get revalued in a hurry. it's logical you may see some portfolios. >> also increased holdings in bank of new york melon.

housein essential living who have berkshire house in theresa may's backyard and some of those buildingsparty with friends, hang out and watch tv and bring back that sense of community that doesn't exist in renting in this country at present. in other countries in europe renting is much bigger than here, and we have perhaps become hung up on home ownership. yes, there's been a social stigma in this country that says that you are lower down the running of society if you don't own a house which is a load of nonsense. what we are seeing across europe and north america particularly are clusters of departments built by pension funds and those long—term investors want to plough their money into a investors want to plough their money intoa building investors want to plough their money into a building which they will rent out for 20 years and that means that business has a vested interest in making that building mice for te na nts, making that building mice for tenants, and right across the uk we have companies who have a huge tower in manchester and liverpool being built now and in scotland the

berkshire hathaway has $86 billion in cash. $200 billion in revenue. we'll probably learn more about this at the shareholder meeting in omaha if not sooner. >> do you have your plane ticket? >> i'm ready to go of. >> sutherby's turns a profit and that's where we begin. the auction house sent strong demand for art pieces made by david bowie. helping the company with expectations. they said the purchases in 2016 helped the overall results. it soared. zpoet video companies shutter stock said an increase in pay downloads led to a strength in sales. however, it was offset. they were down more than 16%, 43.02. >> ask the low pressure medicine delivered promising results. they said it plans to meet with the food and drug administration to discuss submitting a new drug application later this year. shares skyrocketed. >>> meanwhile in flight internet provider go-go reported a loss in its latest quarter. the results were still better than expected as the company been fritd higher customer use an. revenue did sxris that also surpassed analyst expectations. maybe

apple is a new stock for berkshire hathaway.ey'd been buying apple very heavily into the end of last year. at the end of last year berkshire hathaway owned $7 billion worth of apple shares. that made it its fifth largest holding of all the major holdings berkshire has. this morning on air warren buffett talked about how they were buying up until the beginning of the year. they stopped when got more expensive, but the earnings report apple had earlier this month came out and bought another $10 billion worth of apple shares. so it's now a $17 billion position. that makes it its second largest position, second only to wells fargo, just about neck and neck with coca-cola but ekes out just a little more than that. he talked about how he looks at this stock and how he does research for it. he goes around and even in places like nebraska furniture mart, right here, this is one of the berkshire companies, he'll be looking at people seeing what they're coming in and buying and trading in phones what they're trading them in for, but he sa

berkshire hathaway did. whether it was buffett himself or the two gentlemen who run that portfolio did, the point has been made. >> i'm saying it's good for berkshire hathaway holders. it shows continuity. >> i was in a meeting on monday and had a chance to see richard anderson, former ceo of american airlines. less about infrastructure, that money is there, they're spending it or at least putting the money out there to be spent. it's about the free sky. they have to have those agreements in place. >> last point you want to make? >> no, i'm taking it all in >> veg taken all of this in, at what point do you start to reassess your own view on where we are? we've discussed this off-line, in that maybe people who are growing cautious areunder estimating the genie that's been let out of the bottle -- no offense, pete. >> i gotcha. >> that's a great point. >> you son of a gun. [ laughter ] >> it's wrong to be cautious the first weeks of the year. it's been a great market. it means the data sets we look at are the

aftercision came berkshire hathaway. a negative response impossible,is according to people familiar with the situation. biggest have been the ever take over. products wereent held off of balance sheets. that is an increase from the years earlier. they are at pace for normal anding and undermine efforts. the there will be more bonds sold in china this jpmorgan says that have dialogue -- tive say that capital markets now consists of -- rockethas launched a the spacerrying to station. the rocket landed without problems and that is your bloomberg business flash. >> thank you. speaking,other member adding to the narrative of the increasingly hawkish fed. >> i would be happy with this, if the economy kept going the way it is going and i am comfortable with that. i do not think we are behind the curve. delay, youinue to eventually come from behind. luis joins us. the train has left. you look at markets. time and theyh get more bullish. paying committed to of the exposure? had clear political risk. risknk that, the political is

another story, berkshire hathaway, the annual letter was a great thrill. company doubled its stake in apple. chairman warren buffett says it now owns 133 million shares. some more bought -- katherine chiglinsky joins us now. is this warren buffett or other money managers under the umbrella? buffett went on cnbc earlier today to talk about the investment in apple. he more than doubled his stake in the technology company, which is a lot more than we learned at the end of december. he mentioned while he manages the bulk of the investment, it is one of his deputies that picks the other bit. that is treating because buffett himself is adverse to technology stocks. he showed his flip phone on tv today. he is not that into technology. it shows the growing influence of time comes and ted weschler, his two investment deputies. he did not clarify which one it was, but it is an interesting sign that he is willing to plow into the company. cory: it is interesting to me because when you look at the investments, one thing i noticed in the letter, one of the things i not

warren buffet's berkshire hathaway almost quadrupled its stake in apple. meanwhile the peltz fund took a $3.5 billion stake in procter & gamble. leslie picker has the latest on these big moves. >>> david tepper's appaloosa making some big bets on pharmaceutical companies. buying 5 million shares on teva and 5 million in pfizer and 3 million in mylan and allergen each. they like bank of america. we saw more capital, tiger management and third point all adding more than a million shares each in b of a. they took stake in citigroup and jpmorgan. these are the first stakes taken since the election. tech was also an interesting play this quarter as berkshire hathaway tripled its position in apple but other hedge funds were less optimistic on the sector. tepper cut his stake in apple in half. we saw other sales in amazon, facebook, alibaba was another stock that experienced some selling. back to you guys. >>> president trump's sons eric and donald jr., they'll be heading to dubai for the opening of a brand-new trump golf resort built by the uae based properties.

miles, berkshire hathaway at an all-time high today. nervous at all about that stock considering the run it's had along with the rest of the market? >> no, i'm comforted as a long-term shareholder. i didn't buy or invest in berkshire hathaway to flip it because it's gone up 10% or 12%. i'm a long-term shareholder. so, i'm comforted that it's in great hands. it's enjoying $70 million a day flowing into omaha, which are reallocated by the best capital allocator possibly in the history of capitalism. >> but that change is coming at some point, right? >> yes, it is. >> about who the capital allocator is? >> yes, but i was also comforted to hear an 86-year-old on television this morning, on cnbc that was very sharp and recalled figures and facts better than most mortals. so, i'm comforted that his -- we're in good hands. >> especially at -- >> 4:00 in the morning. >> yeah, whatever time it was and his fourth diet coke of the day already by 4:00 or 5:00 in the morning. it was a very good morning on cnbc. robert and vahan, thank you very much.

this brings berkshire hathaway's's to 18.2 billion. hathaway is now the number five in apple. this is the tv 6293. very semi-to a happen back in 2012 and 2013. the next upgrade cycle, overwhelmed. last year, he took a big dip down. we are looking at gains. this chart for the medium and long-term is alleged. one new wants for the near term, up near 87. maybe 125, nothing too big in the grand scheme of things. apple does support berkshire hathaway's decision to up its stake. yes.e: think about its position in the index and waiting. thank you. we are staying on apple now warren buffett said berkshire now owns 130 million shares in apple. find unnamed deputy. catherine joins us with more. the does it say about influence of buffett's deputies at this point? >> if you happen following over the past year, it has been a very interesting year. he has been a first two tech stocks and has railed against airlines and now, major carriers. it shows the growing influence of equities. they have a varying degree of influence. they sparked his interest

abigail: and surprising additions to berkshire hathaway's portfolio lester. we are looking at some intraday volatility for the major averages here in the u.s. from the upside to the downside, the dow and s&p 500 started the day higher and then into president trump's press conference with heads of manufacturing, those traded lower. the dow has recovered. we see the s&p 500 is to lower. averages did put in all-time highs earlier. daynasdaq has been down all . on pace for its worst day of the month of february. 500, we takehe s&p cannot we areimap seeing a pretty even mix between red and green come helping to explain why the decline is pretty small. industrials is the worst sector, down 1%. at an intraday chart of the s&p 500 industrials index, we see that this index has started the day higher and then into the press conference with president trump and many of the ceos of manufacturing -- a studyn ahas started the dy dip down. as for what is dragging on this index come in many of the companies represented at that , generalference electric from emerson electric a

billionaire warren buffett has revealed his company berkshire hathaway has over $18 billion investedn apple stocks. makes work sure hathaway one of apple's top-five shareholders. buffett has announced he has stopped buying apple stocks because of its high price. good news for u.k. fashion retailer fans. rising.rofits to keep total sales are expected to be up 11% while 16 new outlets have been opened in the u.k., the eu, and the u.s.. warned ofy has falling sterling. and teaming up with public transport operator to work on a .ribalist vehicle they will start with tests of the art existing -- electric car that is most sold in europe. that is it for the business news. anchor: more business news later on in the evening. we are going to take a quick break. more news coming up. qéa [captioning made possible by democracy now!] amy: from pacifica this is democracy now! you allt trump: i want to know that we are fighting the fake news. fake, phony, fake. a few days ago i call the fake news the any of me -- enemy of the people, , and they arere. president trurump intntensifies his s war on the

airlines, similar story, warren buffett also announcing a stake with his berkshire hathaway. so he now owns with berkshire hathaway, anywhere from seven to over 9% of the four major u.s. airlines. that contributed to the gains there across that sector. back to you. david: lori, thank you. melissa? melissa: the president's talk of tax reform this morning giving stocks a big boost, making those comments at 10:43 this morning. >> we'll also reform our tax code to help middle income families and american businesses grow and thrive. tax reform is one of the best opportunity to really impact our economy. so we're doing a massive tax plan. it is coming along really well. it will be submitted in the knot too distant future. melissa: how distant though, that is what i want to know? joining me, jonathan hoenig, capitalist pig hedge fund, fox news contributor, kevin kelly recon capital. kevin, pretty straightforward, lower the rate and get going with this thing. >> we shouldn't make this too convoluted. melissa: right. >> that is what everybody wants to say, now that republicans have th

hathaway,f berkshire many investors are eagerly awaiting berkshire hathaway's annual letter, the firste see it is quite strong. holding that has done very well over the last year, up about 40%. end oflines added at the the second quarter and beginning of the third quarter. it will be interesting to see what does come out of all that. , some ofe top holdings the top holdings for berkshire hathaway and what helped to drive the big performance out of the election, we are looking at ibm, heinz, wells fargo, and of course, the airline sector, up 9% since the election and since it was reported that berkshire hathaway took a stake in the airlines. george ferguson of bloomberg intelligence told our team weeks ago that the fact that warren buffett has such a big stake in the airline suggests he may think that fuel is likely to stay at current levels, oil lower for longer, plus a progrowth play. it will be interesting to see what the annual letter perhaps. lisa: thank you so much, abigail doolittle. is a war between bulls and bears on treasury today. we are seeing a rally on the 10-year, but the

he discussed berkshire hathaway's recent stakes in apple and in the airlines. >> think of the hootinge've done over the years about high-tech, we don't understand it. there's no confidency, worst business in the world is airlines. what do we appear in the press with? apple and a bunch of airlines. i don't think we've got -- we've gone crazy. i think the answer is we're adapting reasonably to a business that's gotten very much more difficult. i don't think we have a cinch in either of those positions. i think we have the odds a bit in our favor. >> that was munger speaking at the daily journal to shareholders there. also a programming note, warren buffett will join us monday, february 27th to answer your questions and ours. this will be the first time he comments on berkshire's holdings after the release of those 13f filings we talked about yesterday with increased holdings in the airlines and apple. send your questions for warren buffett to us on facebook or on twitter. >>> notable comments late yesterday from new york fed president bill dudley. dudley offered a similar view to what w

the berkshires in the east. unemployment? droppedt has significantly. the biggest issue is the workforce participation rates of able-bodied people for -- 60%een 18 and 65 is under in some of these counties. what is happening in upstate new york is you see a lot of people leaving because of high taxes or lack of economic opportunity. it is a critical issue we face in our region. upstate new york is kind of a inror image of those places pennsylvania, michigan, ohio, wisconsin. the over industrial small town, small business, a lot of farming. it is a very interesting district politically. host: here is what the national number looks like on unemployment. from the bureau of labor statistics. the january job number picking up from 4.7% to 4.8%. 227,000 jobs added. we have calls waiting for congressman john faso. to bob in kentucky. thanks for taking my call. about the refugees in australia, they took those people six months ago. it was an understanding between the united states and australia that they would get them and everything before they came to the sta

severe thunderstorm watch in the parts of the berkshires.g was booking east, 50, 60 miles per hour. right now we see a few lingering showers in extreme southern st. mary's county. going to the eastern shore with heavier downpours. we had a lot of reports of damage north and south of us. we had a wind that gusted almost 50 miles per hour at national to 46. south of town we saw the most damaging of the weather with nearly 2-inch hail in roseville. in stafford county, charles ty moment ago. the large limbs and trees down from st. charles and also st. charles parkway right where matt was. waldorf also had hail and winds. gust to 67 miles per hour. washington had hail an inch. we'll take you a little bit farther off to the east and south over toward areas near new market turner road and there in golden beach. some trees on power lines and even inch hail, areas in the neighborhood with temps dropping 20 degrees. colder air is moving in. more on that coming up in a few. >> now is the time to download our free wusa 9 app if you haven't already. it w

a cheryl of berkshire hathaway with a focus on regulatory and tax reform as well as infrastructure improvement could be carried out to ensure freight and rail roads remain competitive against truckers using public roadways. >> commerce must find a way with the infrastructure they use to increase fuel taxes, a distance fee or similar proxy. this isn't something that must happen eventually. it is time to look at it now. it also recognizes this. >> they focused on new technology from electronic devices to even cyber security. as a connected network becomes the trucking business model of the future. it was the latest fact finding mission as lawmakers try on find what it will take on modernize american infrastructure and do so without breaking the bank. for "nightly business report." >> verizon reportedly gets a better price for yahoo! and that's where we again. t >> there is a deal with yahoo! for up to 300 million less than the original offer. last year they offered to buy it for nearly $5 billion but that cause on the merger. it suffered two big hackings. verizon shares were off a fraction. yaho

bret baier the reading of the tea leaves of berkshire hathaway ahead of warren buffett's q3 earnings. so glad you're with me. let's start the "countdown.". >>> okay, a couple of breaking news stories here. let me get to this, inside the white house now, the president of peru is now inside the white house with the president. he is the first latin american head of state to visit, and you can bet he will have plenty of hot topics to talk to the president about from trade to immigration. by the way, if you don't know about him, he is u.s. educated, former wall street banker but not happy with what he perceives to be protectionist moves by president trump and his administration. if we get anything on this meeting, we're going to give it to you live. >>> moves to the markets, the dow poised to snap streak of ten record closes in a row. we can see it is down 56 points. the s&p 500 having its worst day of the month. it's down about four points, earlier down ten. we're off the lose here and the nasdaq is down sev points. j.c. penney not in passionate this hour. the embattled department store c

berkshire hathaway, standing at 400 billions. and amsz at $389 billion. just for a little perspective because there was so much tech dominating, why don't we throw in facebook. similar names, but the relative valuations, they could not be more different. diametrically opposed. at the end of 1999, microsoft and intel sold at 65 times earnings and 35 times earnings respectively. the presumption, a new world was upon us, the internet world. these companies had the software and the hardware to make it all happen. this was the golden age of the desktop. but when we look back, we see a different story. the earnings explosion so many people expected from these two companies, it never happened. in fact they spent the next couple of years with uneven numbers, maybe even in the wilderness, nowhere near justifying these price to earnings multiple as the growth wasn't in a straight line and the desktop became a commodity utility. cisco's earnings pretty much collapsed soon after its business got crushed by the implosion of tons of telco carriers that had been able to

both sectors berkshire had been hard on in the past. here is what he said to steer clear of. >> think of the hooting we've done over the years about high-tech. we don't understand it. wort worst business in the world is airlines. what do we appear in the press with? apple and a bunch of airlines. [ laughter ] >> i don't think we've got -- i'm crazy, i think the answer is we are adapting reasonably to a business that's gotten much more difficult. i don't think we have a cinch in either of those positions. i think we have the odds a little bit in our favor. >> so a couple interesting things in there. what he is talking about in the business being more difficult is the investment business. he went on to say they can't expect the kinds of gains they have have had in the past, the landscape is more challenging. even if you're changing like they have, he still is not expecting that the odds are so great. he said they're just a little bit in our favor. >> i like the joke he made there. clearly it's a big change in sentiment for them to go into

warren: i send out a letter every two years roughly to all the managers at berkshires, and i basicallyt is legal obviously, but also do not do anything you would not be happy to have written on the front page of the newspaper tomorrow morning to be read by your neighbors and friends and family and all of that. and i tell them one other thing, look, if the reason you are doing it, if the reason you give me why you are doing it is, everybody else is doing it -- that is not good enough. if that is the best you can come up with, there is something wrong with what you are doing. so it is not can we do it. it is should we do it. it is very important in all aspects of life. i've heard more dumb things rationalized by the fact that the other guy is doing it and i tell them, if it is close to the line, it is over the line. i mean, nobody can see the line that well. i'm 80 years old, and my eyes are going bad, so do not do anything close to the line. it makes me nervous. terre: the post-crisis response has included lines upon lines of new laws and regulations, including increased capital and liq

the biggest buyer wasser berkshire hathaway. it bought part of a larger accumulation of a company. the key things buffett did not panic when markets dropped. instead, continuing to buy more. just that one february purchase has earned more than $6 million. we found one big name buyer earned a higher return than dimon. steve will nguyen's purchase of his own company is up 67%. not bad for one trade a year later. and then there's elon musk who may have had the best trade of them all. he bought solar city a year ago. sold it for tesla stock in sxaug then saw tesla shares rise even more. in total that original purchase has made him $7 million. had nearly a 70% gain. for "nightly business report." >> and it's not just the inislanders seeing gains with. the major averages at new highs, there's growing belief fund managers could have a good year and there is early xags january was good year for them. so is stock picking making a comeback? a writer at fortune magazine joins us now to talk about. that jen, welcome. nice to have you here. what are you hearing from the managers you're talking

berkshire hathaway is doing well on the buying part.cialist hunter harrison is demanding $300 million in pay. the board will be considering this as jack dorsey revealed he bought 426,000 shares this week after that disappointing quarter. , tradingherbal life slightly higher as carl icahn has upped his stake. he is now the largest shareholder with about 24% of the herbal life shares. carol and david? appreciated, abigail. let's get more on the markets from katie stockton. also with us, michael regan, who leads coverage throughout the day. katie, i want to start with you. the s&p 500, a lot of folks have come on to say that it is getting pricey and overvalued. what do the charts tell you? , ase: there is a momentum you can imagine. it's a good thing. i know that people tend to worry. carol: it feels like a clean run up, it feels like. katie: it is and it has refreshed itself over the last few weeks, as we saw. little pauses to refresh. marketmentum behind the is across time frames and short, intermediate and long-term. that is over will -

huff's church and berkshire hathaway county 5.1, valley forge 4.5. not expecting any snow over the weekend. certainly cold enough on friday. very cold day. only 28 for the high in lehigh valley. much warmer on saturday, mostly cloudy skies. sunday we're expecting rain m e move. >>> up next, passing the torch, the major change coming to the next olympics. >> and a surprise from george and amal clooney, the news that has the entertainment world buzzing tonight. . >>> george clooney is going to be a dad two times over. the actor and his wife amal are expecting twins. the babies are reportedly due in june. the children will be the first for the couple who tied the knot in 2014. diaper changing for george. >> times two. >>> bad news for fans of the '90s classic film "mall rats." >> director kevin smith says he won't make a sequel after all. sorry, folks. "mall rats 2" was supposed to be filmed at a mall in chester county but in a post on facebook smith explained the sequel just isn't happening because it's been turned into a series instead, though he's st

. >>> tonight, parents inbe s is berkshire hathaw berks county are charged in the death of their two-year-old daughter. the toddler had pneumonia but the parents refused treatment because of their religious beliefs. brandon hudson looked into similar cases in our area and around the country. >> reporter: despite facing charges the parents are back with their churn tonight. they live down the street here in berks county. the district attorney says they will be under constant supervision by cys. >> how sad. >> reporter: kathleen wally is heartbroken about hearing about two-year-old ella grace's death. prosecutors say back in november she was suffering from pneumonia but her parents refused medical treatment. a doctor could have treated it before she died. >> i'm sure there's no one else that loved those child more than those parents. >> reporter: we spoke to wally down the street where grace and jonathan foster live with their six other children under the age of 11. we went to their home in bethel to get their side of the story. no one answered to t door. >> to me it's incomprehensible. >> repo

all they say is that the boy was taken to the royal berkshire hospital where he later died from seriousible. ijust feel for his family, i really do. 0ur feel for his family, i really do. our thoughts go out to them really. very sad. very, very sad. for the mother, for the parents.|j very sad. very, very sad. for the mother, for the parents. i feel quite bad for the parents because my daughter is eight. i think it is very sad actually. in a statement, reading borough council said, "our thoughts are with the family during this difficult time. we are contacting all the parties involved in order to carry out our investigation into this tragic incident." police say the boy's death is being treated as unexplained, but not suspicious and their inquiry into how a child could die ina their inquiry into how a child could die in a shop involving shop furniture is continuing. a statement from top shop regarding death of the boy. it says the top shop board together with thousands of staff are horrified by the accident that occurred in our reading store yesterday. it says, "0ur reading store yesterda

it would join a very exclusive club that right now has four members, price line, nbr, seaberg and berkshireathaway. >> thank you. >>> where do the options market stand in alphabet amazon race to $1,000. let's get to mike for a call to action. >> looking at options market two things to consider. first is the options market expecting a big implied move in the near future and the other is is the flow basically bullish or bearish. we're going to take a look at both of these. amazon now, three-month 3% versus 6% for alphabet. options market expects amazon to move more sharply than alphabet. however, if we take a look at what that flow looks like. bullish bets outnumber by 10% with alphabet while bearish outnumbering bullish by amazon. the flow is definitely more bullish in google. so when we take a look here, we're basically trying to target $1,0 $1,000. what's interesting opgsz are cheap. the trade april calls $22.20 for contract. 2250 for a contract might seem expensive. 100 shares of cost cost $184. 3% upside make this trade to make money. if it went down by more than 3%, that would be the ri

berkshire owns 133 million shares of apple up from 57 million, certainly made money on that move berkshireow about 1 billion dollars, take a look pat shares right now at 137 dollars in premarket amazon "time" magazine reporting the company is working to give alexa the ability to distinguish who is talking to it. the report says that the capability being called voice id has been in development since 2015, amazon shares up almost 3% this morning, in the premarket. market poised for 13th straight record breaking day, the mainstream media seems trump rally cold shoulder stuart varney joins from us new york how do you give this cold shore willed 1% since election day 6% since start of the inquiry wow no if we close even one point higher today, it will be truly an historic event on wall street, because we have never seen 13 consecutive records in the 120-year history of the dow industrials. now, look at this i've got new york names, actually paid for a copy this morning here it is. >> [laughter] >> not on front page no mention of the wall street rally trump really on front page so i turned to th

this is backed by brazil's 3g and warren buffett's berkshire hathaway.can see, kraft heinz shares up by 5.4%. unilever shares up by 11% in one case, 12% in another. this is the biggest one-day jump since 1987 for those shares. if you look at shares of mondolez, that had been mentioned as another potential target for kraft heinz for the next deal they'd be doing. those shares are down. i think buffett is kind of demured from some of those suggestions that others have brought up in the past. senator mitchell, you were on the board at unilever a while back. >> yes, an advisory board. >> explain a little bit about what you think, just having been on the inner workings of this. >> i don't know anything about this offer. i do know yuunilever is a terric company. they compete vigorously here, of course. they're very strong in international markets and particularly where there's tremendous population growth. we have to keep in mind the population is rising steadily. the rate of increase has declined, but the absolute numbers are growing. the numbers are greatest

there is a lot of crayfish in the berkshire area and gloucestershire, and other places, i've got bootsm25, but are not allowed to get near them. trapping these pests seems to be a piece of cake. if we have so many of them, white and bob trap them in the shires but is not allowed anywhere near them here? many of the capital's waterways and managed by the canal and liver trust, and although they put the non—native crayfish and right near the top of their rogues gallery, they almost a lwa ys their rogues gallery, they almost always refused to let people trap them commercially. the crayfish will eat younger ones as well. if you put down traps, even though they are quite intensive basis, you're more likely to get the older crayfish and it means that they won't be there to keep the numbers down on the younger ones, and the population canjust explode. the other thing is the methods that are used to trap crayfish, these pots, they will catch other things as well and we had a number of incidents on our network over recent years where authors and birds have got caught in that. —— otters be found

priceline, nvr, seaboard corp and berkshire hathaway. back over to you. >> thank you.ere do the options markets stand in the alphabet versus amazon the race to 1,000? let's get to mike for a special call to action. mike? >> so, when you're looking at the options markets, there's two things we wanted to consider. the first is is the options market expecting a really big implied move in the near future, the other is, is the flow bullish or bearish? we'll look at both of these. so, amazon right now, the three-month stat is trading around 7% to the current price versus 6% for alphabet. that is telling us the options market expects amazon to move more sharply than alphabet. however, when we look at what that flow is looking like, we actually see that bullish bets outnumber bearish ones by about 10% in alphabet, whereas bearish bets are outnumbering the bullish ones in amazon by 10%. the flow is more bullish in google. when we take a look here, we're trying to target 1,000. you know what's interesting is options are pretty cheap in here. so the trade, i think you might want

now is the number of key developments by companies like essential living who have a development in berkshirea and london will allow renters to hang out with friends, watch tv and bring back that sense of community that doesn't exist in renting in this country at the present time. other countries in europe, renting is much bigger than here and perhaps we have become hung up here and perhaps we have become hung up on home ownership? we have. there's been a social stigma in this country that says you lower down the run of society if you don't own a house which is a load of nonsense, frankly. what we are seeing in europe and north america are clusters of apartments funded and built by pension funds and those long—term investors want to plough their money into a building which they rent out for 30 years and burn of the income of that. but investment business has a vested interest in making that building nice and happy for tenants. right across the uk, manchester, in liverpool, one company has a big tower in the middle of manchester and another in liverpool, in scotla nd and another in liverpool,

races, native river was a comfortable victor in what was an unusually small field ofjust three in berkshire that cardiff, england beating wales 21—16, that final try coming in the final few minutes. the six nations has delivered today. if you like a blow out like ireland against italy, or a really tense one, england‘s delivered against —— with their coach, eddiejones. in the second half we got our defence intensity back, we did not have much bolder holding, apart from the first 20 minutes. if you want to be the best team in the world, you have got to win those games where you are not absolutely at your best. against an opposition that is playing well, and we did that today. a tight finish at the principality stadium. i wonder if it will be a tight finish at anfield? liverpool to, tottenham mill. built to be the tightest game in the premier league, has turned out not to be that way. we will be back with sportsday at 7:30pm. —— 2—0 to liverpool against totte n ha m. good evening, for many of us, it has been a cold and raw day, still some snow in some faces as we head into the night. across so

berkshire hathaway late tuesday filed a quarterly update on its u.s.rities and exchange commission on tuesday. besides the apple move, berkshire also revealed a new stake in monsanto. the investment came ahead of a big move in apple shares, which helped lift the dow jones industrial average past 20,000 and the s&p 500 and nasdaq composite to record highs in the first quarter. apple, the largest stock by market cap, since the end of the year a record high tuesday. it was little changed after hours. winner: $600 wedding is the way to go . . . yup, you can get married at taco bell in las vegas . . . not everyone dreams of a wedding at taco bell, but if you met your significant other in line for late-night tacos, this might be for you. taco bell is giving two taco lovers the chance to tie the knot in the fast food chain's las vegas cantina restaurant as part of its "love and tacos contest." ♪ i don't want to lie down. i refuse to lie down. why suffer? stand up to chronic migraine... with botox®. botox® is the only treatment for chronic migraine shown to ac

there is a lot of crayfish in the 0xfordshire, berkshire area, gloucestershire, hampshire, wiltshire,hames up in 0xfordshire. quite a lot within the m25 but i'm not allowed to get anywhere near them. trapping these pests seems to be a piece of cake. so if we have so many of them in london, why can bob trap them in the shires, but he's not allowed anywhere near them here? many of the capital's waterways are managed by the canal and rive trust. and although they put the non—native crayfish right near the top of their rogues' gallery, they almost always refuse to let people trap them commercially. 0lder large crayfish will eat younger crayfish as well. if you put down traps, even on a quite intensive basis, you're more likely to get the older crayfish within the population, and it reallyjust means they won't be there to keep the numbers down on the younger ones, and the actual population can just explode. the other thing is the methods used for trapping crayfish, so we have these what are called pots, the little crayfish traps, but they will catch other things as well, and we have had a

the decision came after 3g capital and berkshire hathaway, which own about half of kraft heinz am undecided they negative mergere made a impossible. japan posted a bigger than forecast trade deficit as car exports declined and energy import costs increased. imports rose 1.3% from a year earlier compared to forecasts of a 5% increase. a drop in exports to the u.s. reflected a slide in car sales that underscores the preference of many american consumers for suvs. the white house chief of staff says donald trump and his advisers are not aware of any contacts tween the president's associates and russian agents during the 2016 election campaign. reince priebus' comments come after "the new york times" reported that the trump campaign had contacts with senior russian officials during the election. london house prices posted the largest annual drop in almost six years in february. the average asking price in the capital fell 0.4% this month from a year earlier. that is the first annual decline since 2011. the housing market underperformed the rest of the country last year after high prices, brexit

bracknell council in berkshire isjust one considered as series.ee for life class which is in full swing. it aims at assessing and educating people and preventing falls, which area people and preventing falls, which are a messy business, one in five people over 65 will have a fall at some point, and a quarter of those could be serious and need hospital treatment. i'm trying to find the people that we're going to talk to. this is marie and david. you've had a fall, haven't you? yes, i had been in hospital and i tripped up. and i fell flat on my face. and they had to get the ambulance. after a row while i was able to go home in a taxi. and david, this class has done wonders for you. you've had falls as well. what does the glass give you? it gives you new strength and balance and stretches your muscles and helps you to walk and feel much better in yourself. and there is a social aspect as well. yes, you get to meet people and interact. social aspect as well. yes, you get to meet people and interactfi social aspect as well. yes, you get to meet people a

all they see is the boy was taken to the royal berkshire hospital and later died from serious head injuriesone of sadness. it isjust horrible. you just feel for his family. i really do. yes, my thoughts go out to them, really. very sad. very sad. for the mother, the parents. i feel quite bad for the parents because they are... it is my daughter's age, sol think it is very sad. in a statement reading borough council said... police say the boy's death is being treated as unexplained but not suspicious. their inquiry into how a child could die in a shop involving shop furniture is continuing. well, that shop is expected to remain closed for the rest of today. we've just noticed in the past few minutes that a bouquet of flowers has been put outside in the shopping centre here. the council themselves are sending a safety expert at some point today to start their investigation into just how this ten—year—old boy could die under these extraordinary circumstances. duncan kennedy, thank you very much. just after quarter past one. our top story this lunchtime: president trump's national security advi

my name is sheila, i run a fancy dress shop in berkshire, my business rates at you to go up by 64% thisng to 250% in -- 257% to go up by 64% this year, raising to 250% in —— 257% over the next two years, which will have a serious effect on my business and businesses in the area. we will

this is crowthorne in berkshire, a development by one of britain's biggest housebuilders.e green belt — land close to towns and cities where people want to live — is vital. the size of the green belt has doubled in the last 20 years, it's 4 million acres right now. even freeing up 1%, which is 40,000 acres, would create half a million to a million new homes. we've got to have a much greater critical assessment of what is green belt and what is brownfield sitting within the green belt. britain's beautiful green belt and not many people are arguing we should be building on fields like this. but let's just take a little walk, about 200 metres up this track. well, you get here, still green belt, but very different and it's these type of areas that housing developers say could be used for building new homes. campaigners argue, start unravelling the green belt and valuable countryside will be lost. how do you respond to the critics who say that really we're too precious about the green belt and that, frankly, a lot of green belt isn't that green? well, look, it's the countryside

this is crowthorne in berkshire, a development by one of britain's biggest house—builders.ing the green belt land close to towns and cities where people want to live is vital. the size of the green belt has doubled in the last 20 years. it's 4 million acres right now. even freeing up i%, which is 40,000 acres, would create half million to a million new homes. we've got to have a much greater critical assessment of what is green belt and what is brownfield sitting within the green belt. britain's beautiful green belt. and not many people are arguing we should be building on field like this. but let's just take a little walk — about 200 metres up this track. well, you get here, still green belt, but very different. and it's these type of areas that housing developers say could be used for building new homes. campaigners argue start unravelling the green belt, and valuable countryside will be lost. how do you respond to the critics who say that really weird too precious about the green belt and that frankly, a lot of green belt isn't that green? well, look, it's the countrysid

not bother berkshire .athaway it sure would not bother them at yahoo!hen investors had to come in and save the company from its south. we've seen it over and over. . outside investors come in and make the situation better. we can make this thing better, that will never ever happen for snapchat. you are a mand, who knows the innerworkings of facebook. -- you are a man who knows the inner workings of facebook. is the competition that fears? -- is the competition that fie rce? >> i don't think they are copying snapchat worr. you know, the comparison between the two companies only goes so far. facebook, when it went public, clearly had the potential to become a world altering service that was used by almost everyone. in less you believe that is true of snapchat, you almost can't justify this kind of evaluation. i frankly don't think you can't justify that kind of talk about snapchat. it does not cap, in my opinion, the potential appeal to our ages,s, children of all ordinary working people. it does not have that kind of capability. it is not a true comparis