he made some news on berkshire hathaway's apple investment. what he thought about apple's most recent quarter. here's what he had to say. >> there are surprises it is an unbelievable company. if you look at apple, it earns almost twice as much as the second profitable company in the united states. it's a wide, wide gap. i mean, it's an amazing business here is a company that's whatever the earnings are, $60 billion or whatever. and you could put all their products on a dining room table. i mean, that's not the way it used to be in this country we don't own it for the next quarter. it is incredible to me how you read the investor calls after reports. or you read all the analyst reports and they talk about what it is next year. nobody buys a farm based on whether they think it's going to rain next year or not. the relevant question when you're looking at buying part of a business is where's it going to be in 10 or 20 years? it may be you don't know the idea of spending loads of time trying to guess how many iphone x's or whatever it may be may b

the chairman and ceo of berkshire hathaway we are joined now by berkshire's vice chairman charlie munger joining us thank you so much for being with us today i really appreciate you being here >> well, i'm delighted to be here >> let's talk about this between the two of you -- >> i'm delighted to be anywhere. >> between the two of you, you have 181 years of experience and you've been doing this annual meeting for 53 years. i thought we could take a minute or two for both of you to reflect on these meetings, how they've evolved over time and what it is that you enjoy so much about setting with each other. charlie, what do you think >> it's my hometown where i was raised and of course i like the company and i like the shareholders and this like the festival everybody's having a good time and we're celebrating values as well as ourselves. and so of course i like it >> what's it like sitting next to charlie on the stage? >> i always learn something. and i certainly get surprised. and charlie and i, we worked in the same grocery store less than four miles from here we didn't work at the same

the financial markets have been rigged horribly by the likes of the crony capitalists over there berkshire hathaway and their friends at the central banks and even the st louis central bank head recently said that this new generation is embracing crypto as a reaction to the two thousand a crisis so i think that's important to understand that these two old men they are like the dominant figures in the financial world that because one is a response to so it makes sense that they're go they've been called out brutally so without anyone in a big queen itself doesn't need to call them turds with the mental let me explain that berkshire hathaway is anti american and anti-democratic and you can look at that quite plainly by understanding the stock price of berkshire hathaway which never splits so it's trading i think there are three hundred thousand dollars a share so the message from charlie munger and warren buffett to americans is unless you've got three hundred thousand dollars to buy one share of berkshire hathaway your player bure a peasant to your you know they are the neo feudal lords tha

this morning we have two of the berkshire managers joining us.earles from benjamine and j weber. we will get the pulse of the consumer at 7:00 this morning we'll be joined by mario gobelli. and we have don graham who is the former publisher of the "washington post." sold the "washington post" to jeff bezos, the film "the post" is out now about his mother and what she went through in the '60s and '70s with that newspaper. and don graham also a board member of facebook for six years. he's known mark zuckerberg since mark was about 20 years old. he wrote a spirited defense of mark's character before he was appearing in washington. we'll talk with him. we also have sue decker who formerly rania hugh who will weigh in on that issue she ran yahoo! >>> and then we have a rare interview, bernardo hees of kraft heinz, and berkshire hathaway a maker shareholder, is going to be talking about what they've been seeing in the consumer space what he sees on the horizon for acquisitions a lot of questions bernardo hees does not talk often. i'm looking forward to

berkshire hathaway is now number two.berkshire hathaway and then blackrock. so even with that, they're not the biggest. we'll see what happens as apple starts to buy in stock. >> amazing to think carl icahn owned about $3 billion and we were talking about him all the time pd now 43 >> becky, can i just ask you one more question about another buffett investment you talked to the ceo of kraft heinz this morning they never talk to the media they're so media shy very secretive i was wondering your take and impression after speaking with him about their capability and the likelihood they'll make another deal since their failed bid for unilever >> i have never spoken with bernardo hess before this. this was the first time so i didn't know what to expect or what to take he was more open with their plans and i thought answered just about every question i could throw his way. it did sound like he's eager and potentially taking on more acquisitions he said organic growth is something that is here he doesn't think they need to make

that brings berkshire's total take in terms of apple shares to $43 billion. here's why. >> we bought 5% of the company and i'd leo own 100% of it. if you're going to buy 5%, we're not buying a stock when we buy apple in our minds, we're buying 5% of a business. we buy 100% of some businesses and when they're publicly held, we buy 5%. we bring the same thinking to it. we like very mu the economics of their activities and we like very much the management and the way they think and the way they act. >> buffet also spent some time defending another one of thrkshire's top holdings, wells fargo. is one of the top ten holdings for berkshire hathaway. >> i think if you lookhe at ten year record of wells fargo ten years from now, you're very likely to find it most of its kpet torsion. >> would you be buying more shares now if you could? you can't becausethe bank threshold? >> yeah. yeah. i- i don't want to get recommendations on which stocks to buy. >> reporter: in tms of wells fargo, berkshire is the largest single shareholder but theyare passive investor. that's ano

warren buffett to americans is let's you've got three hundred thousand dollars to buy one share of berkshire hathaway you're a player you're a peasant here you know they are the neo feudal lords that are building the system milking the system abusing the system and gaining wealth as raunchy a coupon clipper as a nickel and dime or they add nothing to the economy. but again i would trailhead for folks the work permit the director of human rights watch in the country if he said the decision was based on a dossier compiled on omar sheikh his activities over the course of the last decade she can reported on israel and the palestinian territories for the rights group a has held his post since april of last year and israel has given him now fourteen days to leave the country we spoke she care who told us that the real motive behind the decision was the was to muzzle criticism of the israeli government's activities . their reality is all of the allegations in the dossier relate to human rights activities many of which took place years ago before i joined human rights watch when i was a student in u

and berkshire is a sort of painting we have not walked into some huge organization to have to crawl through the progressions and the politics and we have created what we wanted to create. >> i don't think we can fix a big bureaucracy. we can create something that didn't become a big bureaucracy, but we couldn't fix one already bureaucratic. >> charlie, warren, bill, i want to thank all three of you for your time. folks, that does it for us today. make sure to join us tomorrow. right now it's time for "squawk on the street. ♪ >>> good monday morning. welcome to" squawk on the street." i'm carl quintanilla with the others here. we are watching disney europe is green, oil above 70 as the iran deal deadline is this weekend. and we begin with futures looking to build on the rally. buffett pushing back on bubble fears saying he would easily choose stocks over bonds >>> plus, apple love the oracle of omaha saying he likes apple stocks so much he would love to own all of it. >>> and necessastle looking to jump-start the coffee business with starbucks we'll be joined exclusively this hour. >>> but f

we were just talking to berkshire hathaway, about berkshire hathaway and warren buffett. dietze, our guest right now, you have owned berkshire b shares but you watched the company forever, what is it about warren buffett in your opinion that makes him somebody to listen to? this is just a 10-year chart of the a-shares which by the way, look so expensive because they have never split. >> yes. i was in omaha last weekend and reiterated my favorite message is long-term focus, fundamental confidence in the american capitalism system. our political system will see us through the ups and downs. he pointed out, how can we invest amid the so-called chaos in the white house today? he said i've seen seven democrat president, seven republicans, seen assassination, people forced out of office, the cuban missile crisis -- lis 9/11. >> through it all i held on. there is lot of great factoids, when he made his first investment in 1942, if you put $10,000 in the market then, you would have been freaked out because of the world war ii news, but today that would be worth about $52 million,

dimentia warren buffett does not like crypto currency is a position he really reiterated at the berkshire hathaway annual meeting his grievances against bitcoin and its ilk are many it's a nonproductive asset has no intrinsic value it's a breeding ground for charlatans who take opportunities to rip off people trying to get rich in something they don't really understand he said that crypto currencies will come to a bad ending warren buffett eighty seven in terms of charlie munger who's ninety four i like cryptocurrency is a lot less than you do he said to one buffett to me it's just dementia is like somebody else's trading turds and you decided you can't be left out i think because charlie munger is ninety four warren buffet's eighty seven they're both getting ready to you know shed their mortal coil and exit berkshire hathaway. cryptocurrency these big coin is a response to their legacy their witnessing what that what they caused this is a response to the financial system they created they had wish this had happened after they were gone and these are just old men railing against the youth

and could there be a changing of the guard at berkshire hathaway? well, not right this moment, but are we in a movement for two men to be at the helm? we take a deeper look at one of them, greg abel, the man some think one day could run warren buffett's empire. we're less than an hour to the closing bell, let's start the "countdown." ♪ ♪ liz: and we are getting reaction from world leaders fast and furious. let me get to israeli prime minister benjamin netanyahu who just put out a statement. he spoke after president trump did. he says he pulley supports president trump -- fully supports president trump's decision on iran's nuclear deal. here is what he said. >> president trump did an historic move, and this is why israel thanks president trump for his courageous leadership. his commitment to confront the terrorist regime in tehran and his commitment to insure that iran never gets nuclear weapons; not today, not in a decade, not ever. liz: if the united states is target number two, israel is target number one of iran. iran wants to wipe both israel an

the financial markets have been rigged horribly by the likes of the crony capitalists over their berkshire hathaway and their friends at the central banks and even the st louis central bank head recently said that this new generation is embracing crypto as a reaction to the two thousand a crisis so i think that's important to understand that these two old men they are like the dominant figures in the financial world that because one is a response to so it makes sense that they're go they've been called out brutally so without anyone in a big queen itself doesn't need to call them turds with dementia let me explain that berkshire hathaway is anti american and anti-democratic and you can look at that quite plainly by understanding the stock price of berkshire hathaway which never splits so it's trading i think there are three hundred thousand dollars a share so the message from charlie munger and warren buffett to americans is unless you've got three hundred thousand dollars to buy one share of berkshire hathaway your player bure a peasant to your you know they are the neo feudal lords that

berkshire owns 26% of the company.hey have seen organic growth of 5% in the five years since they took over. that organic growth will continue but when it comes to m and a is is it interested in the small acquisitions where they would be bolt on or more interested in the large acquisitions this morning he told us both. >> we continue to like big brands and we continue to like businesses that can travel and businesses that have synergies, that you can extract to invest behind growth. we look at all the opportunities internally in the united states and globally, for us it's more important to find us that two plus two is more than four. we're here for the long run and disciplined on price. with all this in minding and treating the business as hours in perpetuity. give us the right mindset when the right opportunity comes along. >> reporter: as you know this is not the typical shareholders meeting. got mr. peanut who we just saw. you got toe mat tow and ketchup from heinz here. and everyone's favorite. hey, kool-aid. he ca

warren buffett, chairman and ceo of berkshire hathaway.ing bell rings] stocks paring gains in the final hour. the gain still ended in the green. that will do it for the "claman countdown." on behalf of ourla. , new york, kansas-based crews at team fox business, we're signing off. see you tomorrow back in new york. david: we were worried a little bit about the market going into the red but it didn't. three in a row. the dow ending higher for the third straight day. well off session highs. but it came off the end of the day. all of the major averages ending the day higher. i'm david asman. melissa: i'm melissa francis. this is "after the bell." we have more on the markets but weigh have much more coming up this hour. will he stay or will he go? uk foreign minister boris johnson meeting right now with vice president pence at the white house in a last-ditch

this will sit down with warren buffett and berkshire vice chairman 3:00 p.m.eastern time on fox business. >> negotiators from the united states will sit down in washington today to hammer out a new version of nafta. the u.s. wants to get a deal done soon to give congress enough time to vote on it this year. discussions on rules that govern the percentage of a car that needs to be built into nafta regions to avoid tariffs. the u.s. seeking a sunset clause that could automatically kill the trade deal after five years. cheryl: the new "avengers" movie makes history. >> tracee carrasco on that with other news. >> good morning. $1 billion in 11 days. "avengers: infinity war" has broke another record for the second highest second weekend of all time with $112.5 million. >> run from it. >> was enough to beat the record previously held by marvel movies "black panther." the "star wars" to force a week and still holds the record for the biggest second weekend. only five movies have ever had $100 million mark in the second weekend. "avengers" broke the $1 billion mark wo

have you had further contact with berkshire hathaway? is it passive?met with them after they invested and did make a visit to omaha to visit with them, but that was after they invested. david: has it changed your life, your company? have other people invested because of warren? margaret: we saw an uptick for sure. i think he gives a seal of approval, and again, i think they liked the business model we have and the fact that we are focused on a particular segment. i think hopefully he will invest more. david: as the ceo, there are some things you can control and some things largely outside your control. let's talk about the things you don't have control over. how do you plan, manage, have a strategy for those things you can't control? interest rates have to affect your business. you are not sitting on the fed. how do you plan for the various possibilities on interest rates? margaret: i think any good company will sit back and say as they are doing planning and strategy, what are the things that could impact the company? interest rates for us being one,

we will ask them all things economic, all things berkshire. 63 companies that give us a real sense how the economy is doing. let me rewind, sat stay -- saturday morning, lines began about 3:00 a.m. this is place where tim mcgraw sells out, taylor swift, linkin park, all the rock bands. warren buffett is a rock star. people come from all over the world. these lines were three, four deep. once they get inside, they get a little glimpse of him walking on the floor. we call that is scrum. he looks at displays of 63 businesses. i asked him about inflation. he has a lot of companies that do capital expenditure. a lot of companies that use steel. his entire railroad is certainly a big consumer of all things material. i asked him what are you seeing on prices rising? here is what he said. >> we're seeing a lot of signs of not, nothing runaway but we're seeing more inflationary signs in the last two months or three months, then we've seen for a long time. >> then he took it a step further, trish. he said that nearly all of his companies are looking at

berkshire hathaway's stock moved on it. very interested but they're not overwhelmed by something like that. they are most interested in hearing about berkshire and the views of warren buffett and charlie monger who will take the stage tomorrow here at the centurylink right in downtown omaha, nebraska. what will they say about the economy, jobs. looking really good. trust me they are making a lot of money. inflation, will that somehow rear its head too quickly? who knows. we can show you lines today. remember the meet something not even today, it is tomorrow. the lines of people just winding around, very long blocks. this was just to as they opened this floor where most of warren's biggest businesses, plus consumer, are on the floor and shareholders get a bit of a discount. it is only shareholder meeting, wrap your mind around this, melissa, where the company makes money. millions of dollars. only warren. you know, most ceos of most companies are lucky to get out of their shareholder meetings unscathed without tomatoes being

we're getting ready, team fox business to head to the berkshire hathaway annual shareholder meeting.ng to let you in on the ticket you've got to have to get in there next to buffett. i've got it for you and what charlie munger really thinks about bitcoin. we were the first to ask him four years ago. running a small business is demanding. and that's why small business owners need more. like internet that's up to the challenge. the gig-speed network from comcast business gives you more. with speeds up to 20 times faster than the average. that means powering more devices, more video conferencing, and more downloads in seconds, not minutes. get fast internet and add phone and tv for only $34.90 more per month. comcast is building america's largest gig-speed network to give small businesses more. call 1-800-501-6000 today. tso why binge in here, when you can do it out there. with this clever little app called audible. you can listen to the stories you love while doing the things you love, outside. everyone's doing it she's binging... they're binging... and... so is he. so put on your head

berkshire owned just over 29 billion of apple shares. additional 75 million shares they now own and you are talking about a $43 billion stake in apple that is, by far, berkshire hathaway's largest position in any outside holding. i caught up with warn buffett in omaha, first thing i asked him is what he thought about apple's most recent earnings report. >> i liked what i saw, too they -- their surprises -- it is an unbelievable company. if you look at apple, i think it earns almost twice as next as the second most profitable company in the united states it's a wide, wide gap. i mean, it's an amazing business here is a company that's -- whatever the earnings are, 60 billion or whatever, and you can put all their products on a dining room table. i mean, that is not the way it used to be in this country. >> there were a lot of doubters on wall street before those numbers came out this week were you in the camp that was a little worried about what was happening? >> well, i -- we don't -- it is incredible to me how you read the investor confe

you own a share or more of berkshire hathaway which today is more than $300,000. the first one of these meetings was way back in 1965. warren buffett had cobbled together what he hoped would be what it is today, a massive conglomerate of many, many companies, now at about 62 at last count and you can see that what started in a cafeteria with about 12 people, look at these lines. the meeting is in today folks, it's tomorrow. we have never seen, and we've been covering this for foxbusiness for ten years and i've been another two years, back in the old day, we've never seen lines like this the day before. they have wrapped around the corner here in downtown omaha. this year the oracle of omaha is predicting a record attendance. he told me that. now, 42000, that was set back in 2015. the number of credentials distributed has never been higher. we are going to take you on a tour of the century link theater during this hour but more importantly we are going to speak to some of the most camera shy, but special brookshire leaders. you haven't heard from these people in th

. >> warren buffett telling becky quick that berkshire did hold talks with uber.hat was in response to a report that the company offered the ride hailing service a $3 billion investment earlier this year the report says the discussions fell apart as uber and berkshire disagreed on the terms and the size of the deal buffett says some of the details in the report are not correct. but he is a great admirer of uber's ceo, dara khosrowshahi. in an interview with carl quintanilla on the sidelines of the code conference, khosrowshahi said the feelings are mutual >> i'll tell you that i'm a giant fan. i'm a warren buffett fan boy for many years, one of my business goals in life has been to get warren buffett to invest in something i'm involved in. so far i failed. so maybe, maybe one day i can convince him that times will be right, he'll be willing to honor us with an investment. it hasn't happened i think warren can invest anywhere any time. >> an investment by berkshire would have been a big seal of approval for uber ahead of an eventual ipo khosrowshahi telling carl th

i know you were talking about berkshire shares.to you. >> warren buffett making big news with becky about that apple stake. 75 million more shares, $40 billion is the value of that stake now. remarkable position. becky's all there all weekend. mr. buffett will be on squawk for three hours. you'll get a cameo from charlie munger as well. bill gates. so we're all looking very much forward to monday. let's get back to what we were talking about. al michaels emailing about what about this box position, josh, that you had which he noticed you no longer do. >> i got out of it right around that dropbox got public and looking at the -- i'm more interested in dropbox but i have not pulled the trigger on that one either. >> do another tweet? >> sure. arlene tweets, how are you all feeling about baba right now do you still own it? >> no, i own a little j.d. it's i prefer to own google, so when google traded down i bought google. i had been out of baba already. i think it's fine. it's still growing. the big climb in that stock is going to happ

by god to thirteen percent and also really quite astonishing the numbers are in buffett's company berkshire hathaway now owns a good two hundred forty million adults shares in the value of a good forty two billion dollars so really breast taking the numbers that we are seeing here the funny thing is warren buffett usually likes to buy it when stocks are under some pressure and that was true for the apple stock earlier this year but definitely not right now so i'm quite certain that at this point and that this price of orange buffett would not start buying apple stocks again but he did so in the past and that was good enough for investors to jump on the wagon all right ends quarter for us eight in new york thank you. talks between a top level u.s. delegation to china and chinese representatives have wrapped up with no real solutions to avoid a trade war tariffs may remain the main issue with washington also accusing beijing of systematically infringing u.s. copyright statements from the u.s. and china are off the talks with polite but it seems that the dispute is far from over. perhaps chine

berkshire said they bought more apple shares, raising their stake to nearly $41 billion.0 billion in the first quarter, and for kraft heinz, there was a negative. fair value dropping by $5 billion because their shares fell 25% in the first quarter. depending on what investors are looking at, if they want to look at the net income or the operating profit, it will depend on where they will see those shares on monday. haidi: after those earnings on saturday, warren buffett and his vice chair held their traditional hours long atm. they looked across a pretty broad canvas of topics, including politics. ramy: with six hours you can get through a lot. they talked about trade tensions between the u.s. and china they even got swipes in with elon musk and charles -- and tesla. the talked about gender gap, .uns and succession for the asia-pacific audiences, they are interested in the trade tensions that have to do with the u.s. and china, and basically mr. buffett is optimistic that they will get through this. he is quite positive that this really is all just talk as well as very li

and on monday, the berkshire summit let's take a check on the u.s. equity put pictufutures.e will some slight gains on the back of the fomc session, we gave some of that back the implied open for the dow jones is down 11 s&p down one and in asia, trade taking center stage there with the u.s. delegation arriving in beijing hang seng was down 1.3%. nikkei was closed for a public holiday. in europe, big disappointments, particularly from adidas, the dax is down by a third of a percent. similar losses across the board. on treasury yields, we backed away from the highs of 3%. on the back of the fomc decision, we lost ground here on the yield side of the ten-year note 2.95% on the tens. >>> a u.s. trade delegation has arrived now in china for tariff talks. the group is led by treasury secretary steven mnuchin and it will meet with china's vice premiere to discuss trade practices as well as intellect cal property rights and state subsidies for tech development upon arriving at the hotel steve mnuchin declined to take questions, only saying he's thrilled to be there -- actually he s

joining us is someone who covers berkshire hathaway for bloomberg and is in omaha.ill get earnings on saturday, but that will be almost beside the point of this big celebratory weekend. >> it is definitely kicking off. we have people arriving from around the country and around the globe to omaha to see and listen to warren buffett. it will be interesting, we have earnings saturday, but the focus is the annual meeting, he will oftalking about a variety topics, so whether it is succession or his buying apple, every shareholder will be very intrigued by what he has to say. vonnie: exactly. the issues -- he issues a measure with his earnings are annual meeting every year, but he also talks to reporters and people in the audience. there is a set list of questions he answers every year to them strategically. katherine: yeah, it will be questions from analysts as well as journalists and audience members. it can really range. in my be about this specific stock picks, succession planning might alsoe, but it just be the economy and the political environment. they can really r

hathaway >> it seems like a good berkshire fit.fundamental serge ri. >> munger is on the board. >> that helps. >> michael, thank you as always. that does it for "closing bell" today. thanks for joining us. "fast money" begins right now. >>> "fast money" starts right now. live from the nasdaq market site overlooking "new york times" market square, i'm melissa lee tonight on "fast" the billionaires bash bitcoin. the oracle of omaha calling bitcoin rat poison squared he'll explain what buffet is getting wrong. plus, turns out tesla might need more cash. we'll explain why the electric car company could be raising more funds sooner than you think and what it could mean to the stock. first, we start off with a tweet that turned the market today president's looming decision on the iran deal. let's get to

out it they own a little bit of costco, berkshire hathaway >> it seems like a good berkshire fit. it's a subscription fundamental serge ri. >> munger is on the board. >> that helps. >> michael, thank you as always. that does it for "closing bell" today. thanks for joining us. "fast money" begins right now. >>> "fast money" starts right now. live from the nasdaq market site overlooking "new york times" market square, i'm melissa lee tonight on "fast" the billionaires bash bitcoin. the oracle of omaha calling bitcoin rat poison squared he'll explain what buffet is getting wrong. plus, turns out tesla might need more cash. we'll explain why the electric car company could be raising more funds sooner than you think and what it could mean to the stock. first, we start off with a tweet that turned the market today president's looming decision on the iran deal. let's get to eamon javers. >> reporter: hi, melissa officials are remaining mum about what the president's decision actually is we saw that feet this afternoon. the president putting out that he's going to make an announcement her

. >> khosrowshahi confirmed that uber held talks with berkshire hathaway berkshire hathaway reportedly offered uber a $3 billion offer earlier this year, he did not confirm that but he said he would like to secure an investment from mr. buffett. >> we did have discussions i don't think the reporting was entirely accurate. warren buffett is an investor who has the ability to have his choice of investment in the univer universe his brand and smarts are unparallelunpar l unparall unparalleled i'm a warren buffett fan boy for many years, one of my business goals in life has been to get warren buffett to invest in something i'm involved in. so far i failed. so maybe, maybe one day i can convince him that times will be right, he'll be willing to honor us with an investment. it hasn't happened i think warren can invest anywhere any time. >> in a statement to cnbc, mr. buffett said he was a great admirer of khosrowshahi and that there were discussions between berkshire and uber but that some reported details are not correct. >>> separately donald trump is looking to block the import of premium

john: don't miss liz's coverage of the berkshire hataway shareholder meeting.s all here monday on "making money." charles: stocks soaring today with the dow with its best day in four weeks. the unemployment rate falls below 4% for the first type since 2000. all this as trade talks heat up. i'm charles payne. we begin with the blockbuster economy. job growth expanding. employers added 164,000 jobs in april. the jobless rate in the united states falls to

but is berkshire hathaway particularly vulnerable to this?businesses, but they are also a huge investment have any. most companies are one or the other. with these company assets have its issue, but you are right. you just have to separate it and look at it. alix: literally david sends this email when he is in omaha, sending a huge paragraph on that tax accounting changes. a really big deal. i am like, do we have to do a whole segment on this. ? [laughter] from accounting cows to currency chaos. the dollar weighing down emerging-market currencies. take a look at finally a pickup in vol. the lower panel is 20 day vol. of wells fargok securities, how much more downside do we see in em fx? 1% towe could see another 3%. if you look at global markets ahead of sharp decline, now they are starting to stabilize. good news. a lot has to do with central banks. they are still -- you get a small pullback, but a buying opportunity. over theamed el-erian weekend wrote about argentina. he said the loss of policy credibility is perhaps the simplest and most

apple was more mixed green light and appalossa sold stakes, but berkshire hathaway remained committedsmaller tech companies also saw interesting moves during the quarter. twitter saw a boost from tiger management and tiger global, which each took new stakes however green light reduced its stake in twitter which is one it's held for a couple quarters. a few well known hedge funds took positions in dropbox which went public during the quarter soros and janna took new positions. healthcare attracted interest. berkshire hathaway doubling its stake in teva to more than 40 million shares, or 7$700 million worth. that stock got a boost in that position in after-market strayeding and tiger management picked up a new position in united health, and janna bought anthem. >> these are great we love the insights, but it's important to note this data is as of march 31st it's 45 days later is it safe to say some of these hedge fund types have trafficked in and out of these positions even during that span? >> i think you can guarantee in the six weeks since these filings were dated, that hedge fund ma

warren buffett wrapping up a weekend with 40,000 berkshire hathaway shareholders. becky quick spent the morning with him she joins us live from omaha >> it's great to see you guys today. one of the first things people always want to know when we talk to warren buffett is what he thinks about stocks, so we asked him. for months buffett's been signaling he didn't think stocks were a great place to be or at least it wasn't a great pricing for him if he was looking to buy entire companies he's got over $100 billion in cash on hand he's been sitting on this money, wishing he had some place better to put his money alas, he thinks most these big deals he's been offered have been overprized by 15% to 20%. however, when it comes to individual investor, people who don't do this for a living, he thinks the stock market is actually a great place to be, even now, even given some of these valuations that's because in large part he still thinks that for individual investor, stocks are a much better place to be than it would be to, say, put your money in u.s. treasury bonds. >> no

by god to thirteen percent and those are really quite astonishing numbers and buffett's company berkshire hathaway now owns a good two hundred forty million adults shares and the value of a good forty two billion dollars so really breast taking the numbers that we are seeing here the funny thing is warren buffett usually likes to buy it when stocks are under some pressure and that was true for the stock earlier this year but definitely not right now so i'm quite certain that at this point and that this price of warren buffett would not start buying up of stocks again but he did so in the past and that was good enough for investors to jump on the wagon all right ends quarter for us in new york thank you here is fourth largest airline is in crisis. action a yak has announced he's stepping down off the stuff rejected a payoff aimed at ending months of strikes the news also comes on the same day that quarterly figures show the company has incurred further losses. it's been a turbulent few months for air france as workers demand higher wages they say are needed to keep up with inflation a tota

he explained why berkshire hathaway suffered a $1 billion net loss.ys it was mainly due to an accounting change and not representative of what's happening with the company. buffet telling his shareholders he is sticking by san francisco's wells fargo despite recent securities and loans scandals. he was optimistic that the united states and china will decide its current trade tensions and tomorrow morning, he will take live to fox business network anchor. >>> the feud between warren buffet and elon musk is raging on. musk went on a twitter rant in which he said he was super serious about starting a candy company. it was compete against c's candy. he tweeted, i'm going to build a boat and fill it with candy. warren b will not be able to resist investing. buffet and musk have been sparring on issues, including business practices and sustainability. >>> there's a battle of risk over reward underway pitting nasa against the company it has hired to get americans into space without having to climb aboard a russian space shuttle. elon musk wants to increase t

warren buffett to americans is unless you've got three hundred thousand dollars to buy one share of berkshire hathaway you're a player you're a peasant here you know they are the neo feudal lords that are building the system milking the system abusing the system and aggregating wealth as raunchy a coupon clippers and nickel and dime or they added nothing to the economy. ministries police forces and city administrations of many countries depend on one corporation and another by mike was hoping the board doesn't implement the eyes of god i'm just going to going to go through the. woods as the three that he got into the sea it's a must also apply to them proprietary software you don't know the source code isn't that a such a security risk when you have a black box operating the public eye to microsoft dependency puts governments under a cyber threat and not only that. put more. simply since it isn't selling this is also the only one. in almost. all the. things this is the i still. don't miss the all patients stopping them was listing of phone calls a fund is up and his cards on the phone. to sup

vote of confidence from what the world's most renowned investors with his past dealings with berkshire the buffet name is a strong name and when you hear buffett is andsting in something that's confidence from other investors and that is why had at a significant impact on the market. emily: but it is a make the best decisions come if you look at ibm, which he subsequently sold off. tothink apple can continue defy the odds the smartphone market? mark: the smartphone market is not only slowing but contracting. i don't think apple will see a decline in smartphone sales. consumers will always have a device they will carry with them. i think the shape and form will change over time and rethink that is the apple watch, that so far that hasn't been a runaway hit like the iphone is that selling an iphone like quantities and doesn't have to yet. at the point the smartphone market windows and stop scoring to will have to be something to add the apples growth. across apple's history to have had a big growth product. they: they are on track for trillion dollar market cap, how long until they get t

for example, think about the work that berkshire does in energy its been incredibly lucrative for theiness but in terms of wind and solar is doing a lot to make the world a better place so a combination of things. liz: so when we put up stocks that are good social investments there are also etf's that are green, for example, that work with climate change and trying to help in that situation. where do you stand on those, those baskets of names that people look at and say oh, well they must have done the research >> i think we're going to see an increasing per of opportunities goldman sachs is coming out with a new etf that focuses directly and some of the ones we've seen in the past have actually shown really impressive returns so far again making investments in opportunities that serve society's interest at the same time as providing returns for investors. liz: bill gates has endorsed this book. he read it we were calling it gate's new book because i know bill gates to know well enough to know he doesn't endorse anything and when he does it's because he absolutely believes in it. what

and warren buffett discussing berkshire hathaway's future without him.ded controversy when asked for his take of some of the most polarizing issues of the day. he also says berkshire will be the first place people called when they're looking for a deal even after he is done. global news 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i am taylor riggs. this is bloomberg. nejra, tom? tom: taylor, thank you so much. equities, bonds, currencies, commodities. great chart. let's get through this quickly. 7, dow advance up futures up 48, euro weaker, dell stronger, oil listed, american oil, $70 a barrel. 15.28. cast your futures. i -- castor seed futures. i have no idea why i put that in there. maybe my diet this. weekend. and important headline on the turkish lira this morning. deputy i above $70, brent dropped,nd cable meanwhile, equity bids, you see the 10-year yield moves down in italy, political risk not really priced in right now, tom. tom: very good. let me do a little bit of a va

berkshire hathaway is the largest shareholder, owning a third of the company, and he talked about howe from management he publicly voted his shares no against that team, and this was a very rare public rebuke from buffet >> we've been in a very, very long time, and it's true that i can't think of a time -- there may have been one escaping my mind i voted against directors, but we did not think they responded properly in terms of not sitting down and at least talking to them for holding their stock for 18 years, 10% of the company, and we did not think the directors were essentially doing their job, so we said we intended to vote against that we don't have any rivals or directors running against that, but we did several things. >> reporter: okay. so, again, when he said, yes, they voted no, they voted no on all the issues, and it is something we'll talk more to them about as we get into the weekend, and, kelly, i don't know if you heard them yelling dilly back there, but when they say that in omaha, this is what they mean. >> oh, i'm -- i would give anything for a blizzard right now. >

policy and succession at berkshires meeting. ♪ betty: just a reminder on what report.ith the job showingow robust the jobs market is in the u.s. this chart it have. it shows you how rare it is to see the rate drops below 4%. in april, there were only four other periods of time where we saw that rate fall that far. begs thehe quest -- question. where is that wage growth? it is hard to look at the jobs rate and say we know where the and bash direction of inflation and wages is going. -- direction of inflation and wages is going. yvonne: labor participation was also down, which was surprising. it may be technical like the analyst said. it will not do much for moving policy.le for perhaps what we saw such a positive reaction on friday in the stock market. at what the look reaction was on friday. we saw the dow urging -- surging. rising up 1.7%. market participants noted that , the fedhe numbers will likely stay on a three rate hike path this year. this goldilocks economy still in tact. gains set up person today. new zealand, up one third of 1% right now. 73.20. coming to australia, and hour

and anti-democratic and they can look at that quite plainly by understanding the stock price of berkshire hathaway was their response so it's trading i think there are three hundred thousand dollars a share so the message from charlie munger and warren buffett to americans is unless you've got three hundred thousand dollars to buy one share of berkshire hathaway you're a player you're a peasant here you know they are the neo feudal lords that are building the system milking the system abusing the system and aggregating wealth as wrong see a coupon clippers and nickel and dime or they add nothing to the economy. the new global economic war is unfolding in the realm of education the right to education is being supplanted by the right to access education it's high education is becoming just another product that can be foolish and sold so this is not just about education anymore it's also about running a business where you good. luck with these souls. they could mimic. what is the place of students in this business model before college i was born now i'm running stream or higher education the

confidence boost legendary investor warren buffett has been loading up on apple shares his company berkshire hathaway bought seventy five million apple shares that's more than thirteen billion dollars worth of current prices increasing at stake almost fifty percent called apple and unbelievable company one of the most profitable in the u.s. of it has bought more apple stock and any other investor in the past year. that's all for thanks for watching the news at the top of the hour. andrea is obsessed with rock climbing. the high and the steep of the cliff the best. twenty five year old has shattered one record after another and seems to defy the laws of gravity. cut him undress on. the road next to a double. global inequality. what does inequality mean. connected well. to the media. joining the discussion and how to. die chavez global media forum twenty eighty. climate change. waste. isn't it time for good news eco africa people and projects that are changing our environment for the better it's up to us to make a difference let's inspire each other. he could be environment magazine. on t w. a

warren buffett to americans is unless you've got three hundred thousand dollars to buy one share of berkshire hathaway you're a player you're a peasant here you know they are the neo feudal lords that are building the system milking the system abusing the system and. well as raunchy a coup. they add nothing to the economy. with us today the controversial white helmets group praised by the west as a rescue team working in syria has been guaranteed continued support by the british prime minister it's the reason it's off to washington's decision to pull the plug on syrian aid funding which includes the white helmets. but last week the trumpet ministration froze the u.s. funding with fantasies of civilian lives at risk will the prime minister stick up pledge the government to plug the funding shortfall that now exists and is sure these heroic rescue workers can continue their work. and can i say to the honorable gentleman we recognize the very important and valuable work that the white house mates are doing they are as he says doing this in be difficult conditions they are incredibly brave to be