trade is not a reference to berkshire hathaway berkshire hathaway it was took a position there was supposed to hedge this board for. trade that was put out by torch a bank consisted of seven billion dollars worth of municipal securities that dropped in value but they were supposedly hedging by having bought a credit default swap from berkshire hathaway in fact for sure hathaway reports that they lost fifty million dollars on their street is one of the interesting things is they claim to have lost money as did do it your bank suggesting that it had wasn't anything very good either right you know looking back over the of the errors you know we hear stories about banks and gave them trading in their trades or head remember the two thousand and eight crisis we had the repo one hundred five scam from lehman brothers where they were hiding all kinds of stuff from from regulators and this is just so systemic and demick in the banking industry why why why isn't this stuff get caught by regulators more often it seems as though almost every single day we hear about a bank committing a major fraud wha

into berkshire. one was trading stamps that went to zero and started retailing with the department store. which eventually disappeared you know, you're going to make mistakes you want to recognize them when you do it and you want to basically hang on to your winners. and so i don't, it may just be the fact that i'm, you know, an 88-year-old male i don't look back and think about all my mistakes all the time it would take too long anyway. so apple should do some things that don't work. and marvelous. >> not a huge endorsement. you think this is one of the things >> i don't know. i don't know i know that if i'm bob eggert, going to think about every way i can to beat him to the bunch if i'm at&t, i'm comcast and obviously, netflix, you know, going to try and make sure that apple doesn't get part of their territory. that is capitalism that's produced, which just think of what dallas, you know, 250 years ago. three lifetimes like mine. less than three lifetimes like mine there wasn't anything here just l

clearly they are hiding more which the really important part of what they call the berkshire trade is the good the trade not only from the market in terms of investors but they also hit the trade from the regulators so that the bank regulators were completely blind to the existence of this one point six billion dollar loss and we're talking that was put on the books a decade plus ago right so it's referred to as the berkshire trade is that a reference to berkshire hathaway bush or half of it was took a position that was supposed to head. this board for the bush or tree trade that was put out by torture bank consisted of seven billion dollars worth of municipal securities that dropped in value but they were supposedly hedging by having bought a credit default swap from berkshire hathaway in fact bursar hathaway reports that they lost fifty million dollars on this trade is one of the interesting things is they have claimed to have lost money as did deutsche bank suggesting that it had to wasn't anything very good either. right you know looking back over the the errors you know we hear s

this is coming from the likes of -- joe: the berkshire hathaway. haven is going to be what that joint venture to control health care. it was announced last year and no one knew what they were going to do or what it was going to be. at least we have a name and the goals are going to be simpler, better, and lower cost. scarlet: and that's why we couldn't find it because we didn't know the name is a haven. we only knew it was a joint venture between these three names. caroline: we have see how the rest of the health care market performs. joe: amazon want to these , people would just sell these stocks before anything happened. scarlet: what you make of the health care names and pressure they have been under. sara, there's a lot of noise from congressional democrats about medicare for all and there was hearing into drug pricing, pricing. -- pricing. sarah: clearly after gottlieb's announcement of his departure, he is well respected and also understood what he stands for, so now that he is retiring, this adds more uncertainty to the space. who's going to

performance would be horrible all right yes stated with a well worn buffet performance last year berkshire hathaway shares fell big time and that is on the write down of kraft heinz investment the world's most famous investor had one of his worst years ever in twenty eighteen buffett's kraft heinz bet dragged down berkshire hathaway in twenty eight hundred conglomerate swung to a twenty five point four billion dollar loss in q four due to an unexpected write down at heinz and realized investment losses right so in other words the mergers and acquisitions you know they strip the company of all the value player right then they sticks tracked value they they extract all the equity and they leave that debt and then the enterprise crumbles in the case of warren buffett you know these doing the stock buybacks which is you know used to be illegal until recently that's completely fraudulent and he has no governance or oversight whatsoever you know he's a more the one of the biggest are the biggest shareholder of wells fargo for example during that period when they were engaged in serial criminalit

there's a class action lawsuit that has been filed against all of the big real estate companies berkshire hathaway home services is the largest real estate company, one of the names in the class action lawsuit and the suit being brought by the lawyers who went after big tobacco and won, they look at what's happening in real estate industry and say that 6% fee that sellers have to pay when they sell a house, they look at it like a monopoly, a cartel they're going after that 6%. first of all, do you think it is a cartel >> it's not a cartel i think the largest company in the business, most 3%. if you think -- >> i think they look at the fees themselves that are aligned with the ml system and the multiple listing system and say, there's all this kind of behavior that tries to make sure that fee can't come down and it is high, relative to what you see in other nations. >> i would just say, it's a cart cartel, not very effective i think we need to beef it up or something. you'll always have for sale by owners many online experiments of one sort or another. now, i've never felt, many years, pur

no the berkshire this definitely not good for europe it is not good for the u.k. it's a lot of small nobody will benefit from that nobody is better off by going on its own particular in europe where we have to work together with his superpowers and china and us should really not good for both parts what will happen we don't know we can say our customers we're well prepared for any situation even for a hard. but it's not good for business and it's not good for the people of respective countries. dodge opposed d.h. a c.e.o. from apple speaking to. the end of the toyota issued stock warnings about the impact of a no deal breaks it would have on their plans in the u.k. to go to said it could end its production in britain by twenty twenty three if the country exits the european union without a deal such a move would affect more than three thousand employees he said to go test two factories in britain b.m.w. said the future of the mini planting cowley near oxford would be thrown into doubt that munich parent company said the production could be moved to holland if the u

but to play, you have to be an employee at berkshire hathaway.00-thousand employees have completed brackets in recent years. last year, not a single worker won the contest. (catherine) that wraps up kron 4 news at 8.(ken) but our primetime coverage is just getting started this monday. grant lodes and vicki liviakis are here with kron 4 news at 9. ((grant))thank you ken and catherine..next at nine...a bay area family is on edge tonight after they say someone broke into their home while they were sleeping.and it was all caught on camera.including this video of the suspect going into a room with a baby inside.now the hunt is on for this man.we'll hear from the family, next in a live report. plus...three shootings on bay area freeways in the past three days.including one young woman who was killed.where they happened why authorities don't believe these incidents are connected.((grant)) plus..we'll take you to a vigil in the south bay tonight for victims of last week's massacre at a mosque in new zealand.((vicki))keep it here..kron 4 news at nine star

but to play, you have to be an employee at berkshire hathaway.housand berkshire employees completed brackets in previous years. last year, not a single worker won the contest. in fact, none of them got past the first round... (grant) that wraps up kron 4 news at nine...(vicki) but our primetime coverage continues at the top of the hour. ken wayne is here with kron 4 news at ten... (ken) thank you grant and vicki.... next at ten... three bay area freeway shootings in just three days and one turns deadly. who's behind the roadway violence and what's being done to stop it. plus... a terrifying moment for one family... after they say a burglar broke into their home and lurked into the baby's room.(ken) and -- we're tracking another rain storm taking aim at the bay area... (ken) don't go away...hour three of kron 4 news in primetime starts right after the break. even if no one in your home smokes, secondhand smoke can be closer than you think. secondhand smoke from a neighbor's apartment can enter your home through air vents, through light fixtures an

think of bud, i also think of on commonality to kraft and that's 3g capital that's partnered with berkshire hathaway it's part of so many deals where it's all about consolidating places where the top line is not growing. it's really about bringing assets together and driving financial engineering and not worried about anything else. 3g has done really well. if you think about what's going on in the food producers, it's also going on in bud you have declining sales so i think this is a really interesting comparison and in fact i think i'd be cautious on valuations in the beer sector. i'm not going to tell you they have accounting regularities, but i will tell you that the same approach to zero budget accounting, this is what 3g capital does i've been investing in brazil for a long time. this is where this company put some of their best smarts. they're incredibly smart guys, incredibly successful, partnered with warren buffett. at some point you have to have top line growth and more than just a catalyst which is bringing companies together and spinning out inefficiencies. >> i don't have a po

during a wide-ranging interview today, chairman of berkshire hathaway pointed to bnsf rail company that he says is signaling weaker growth. >> it looks like it's slowing down. i don't mean tt it's reversing course or anything, but it does seem from all of the businesses, but especially including railroad statistics, because they come so a fast they cover such a broad spectrum, and it gets distorted by whether people are hurrying up the pacific y're worried t about tariffs and all of that sort of thing. but i would say that it does look like the pace of increase in the economy has slowed down. >> if the u.s. economy is slowing down, it may be in par because economies overseas are hitting the brakes. today the vice chair of the federal reserve said the central bank must pay clor attention to global growth risks because countries are linked more thanf ever because trade and financial transactions. during his speech today, he explained how the u.s. economy could be shocked by a global downturn. >> the shock will impact the u.s. through direct trade links, lowering the demand for. u exports

one of the world's richest men, warren buffet, writes a letter to the shareholders of his company, berkshire hathaway outlining the company, stock market and the united states we sat down recently in his hometown of omaha, nebraska, where he answered questions from viewers why he believes in america and talks about the very first shares of stock he purchased nearly eight decades ago. >> on this march 11 in a couple of weeks, it will be 77 years since i bought my first stock and i paid $114.75 for three shares of city service preferred, but if you had bought, if you had a pension fund and put a million dollars into the s&p 500 at that time and reinvested it, during my investing lifetime, that million would have turned into $5.3 billion. you would have gotten for every dollar you put in, gotten over $5,000 without ever reading a headline, an annual report, didn't know accounting, just had to believe in america. you didn't had to pick the right stock, you just picked america i go back and point ou there were two 77 year periods before that and that takes us back to george washington and getting

seen austerity imposed around the world so i want to look at one quote from that whole you know berkshire hathaway kraft heinz story from the last week and it's a quote from j.p. morgan about what happened to them and the heaven was from kraft heinz shares fall twenty eight percent after write down and dividend cut j.p. morgan analysts can goldman wrote about the company because remember three g. capital warren buffett they basically curry's massive austerity across the board with him this conglomerate this merged conglomerate and j.p. morgan analyst ken goldman says and best for years have asked if three g.'s extreme belt tightening model ultimately would result in brand equity erosion we think the answer arguably came yesterday in the form of a fifteen billion dollar intangible asset write down for the craft and oscar meyer brands i want to think of that as a way to look at the u.k. economy or the american economy especially in the u.k. where you've had mass austerity imposed on the people and there is like a that intangible brand of member cool britannia and all that stuff is just erod

seen austerity imposed around the world so i want to look at one quote from that whole you know berkshire hathaway kraft heinz story from the last week and it's a quote from j.p. morgan about what happened to them.

seen austerity imposed around the world so i want to look at one quote from that whole you know berkshire hathaway kraft heinz story from the last week and it's a quote from j.p. morgan about what happened to them and the heaven was from kraft heinz shares fall twenty eight percent after write down and dividend cut j.p. morgan analysts can goldman wrote about the company because remember three g. capital warren buffett they basically curry's massive austerity across the board with him this conglomerate.

seen austerity imposed around the world so i want to look at one quote from that whole you know berkshire hathaway kraft heinz story from the last week and it's a quote from j.p. morgan about what happened to them and the heaven was from kraft heinz shares fall twenty eight percent after write down and dividend cut j.p. morgan analysts can goldman wrote about the company because remember three g. capital warren buffett they basically curry's massive austerity across the board with him this conglomerate this merged conglomerate and j.p. morgan analyst ken goldman says and vest for years have asked if three g.'s extreme belt tightening model ultimately would result in brand equity erosion we think the answer arguably came yesterday in the form of a fifteen billion dollar intangible asset write down for the craft and oscar meyer brands i want to think of that as a way to look at the u.k. economy or the american economy especially in the u.k. where you've had mass austerity imposed on the people and there is like a intangible brand of member cool britannia and all that stuff is just eroded wh

. >> during an interview with cnbc thursday, berkshire hathaway warren buffet showed off the flip phonegraham bell, referring to the vintage technology, on ebay that sells for 20 bucks. despite the billionaire investor's phone owning 5.5% stake in apple, buffet said he's had that older phone for a while. he has an iphone 10. he hasn't set it up yet. >> that's why we never see him on instagram taking the selfies. >>> all right, high school senior in virginia with a 4.4 gpa is making this whole college application process look like a breeze. his name is 17-year-old malik hawkins. he runs a video blog on youtube. also has his own clothing line and he has just been accepted into 15 colleges and universities. and if you think that's an astronomical achievement, the highly involved student has also been offered more than $1.2 million in scholarships. according to hawks inches, he applied to 15 schools he thought had great business programs, university of miami and georgia tech he has yet to reveal his pick. >> making us feel like under achievers. miley cyrus almost broke the internet. ♪ ♪ >>

particular in 0xfordshire and west berkshire. we have a yellow met 0ffice weather warning.eather for the day—to—day. sunshine but fairweather cloud afternoon. extent, 17, maybe 18. ——16. again, dry and clear tonight. 0nce extent, 17, maybe 18. ——16. again, dry and clear tonight. once more the temperatures especially away in the centre of london will drop down into low— single figures. a touch of rural ground frost but they will be some cloud out towards the north and west. that will affect us into sunday but for your saturday afternoon, again, 17 degrees. the cloud i just referenced afternoon, again, 17 degrees. the cloud ijust referenced bringing colder air. you will know the difference on sunday. i'm back with the latest from the bbc london newsroom in half an hour. plenty more on our website at the usual address. bye for now. hello, this is breakfast with naga munchetty. it's 6:31am. we'll bring you all the latest news and sport in a moment, but also on breakfast this morning: councils across the country are under pressure from the government to meet tougher air quality

berkshire is the bank's largest shareholder.n had his full support. >> yeah, 100%. yeah i don't want his job i actually came in once 28 years ago at solomon where the whole world was mad at him and when i went to bed at night, i mean, i was scared because i didn't know what additionally had been done, you know, ten years earlier or five years earlier and how i'd deal with it because people were furious with us so i'm very empathetic to anybody that walks into a big problem at a very, very, very large and politically sensitive institution where you've got maybe 250 or so thousand people and the bad acts of one of them, you know o, can reflect on you >> shares of wells fargo rising 1.8% up by 89 cents to $49.98 joining us now is jeff sonnenfeld at yale school of management jeff, what did you think about this news about him stepping down >> i think it's shameful i think it's a disgraceful moment especially for senator elizabeth warren i think maxine waters acquitted herself with much better respect in the more recent rounds of exch

and there are some now details on a report for a much you've got to believe this amazon berkshire hathaway and j.p. morgan chase member they're starting their own health care venture well it seeks to improve health care systems and patient experiences it will be called haven and haven c.e.o. surgeon and public health expert a tool go one to outline the group's mission in a newly launched a website mr de wandy wrote quote we want to change the way people's experience health care is so that it is simpler better and lower cost investors in industry have been extremely curious and anxious to hear more about how havens deep pocketed sponsors plan to reform our social structure is why i've only only as us health care system which has some in the highest cost areas in the world and we're well below of course well very well below those outcomes they're well below world class certainly haven's three corporate partners have one point two million workers with a patchwork of different forms of levels and medical care. and claire is the american jewel in cosmetics retailer and girls a younger woman is

i should also point out this company has some very big ,nvestors, berkshire hathaway walmartas the heris fortune, 3g capital, and ant financial. >> now does a market that does not have earning estimates going up, that can't get a trade war resolution, show strength and resilience? real yields keep falling. the three-month correlation realen five-year yields in the s&p 500 is at one of its most negative levels in history. can that persist tomorrow? that will be a big question. this relationship holds across asset classes, credit, gold, etc., and you have seen five-year you yields come off their lows and the stock market start to crack a little, especially in rate-sensitive sectors. caroline: fedex out with numbers, a miss, third quarter earnings at $3.03. that was down significantly from the previous year. revenue, $17 billion. that is a miss. earnings per share was set to fall. the market down 3.7%, almost 4%. joe: we have the quote "slowing global macroeconomic conditions" continue. they also cite costs as a factor hitting earnings. their outlook on the global economy is still not good.

amazon, berkshire hathaway and jpmorgan has a name, heaven, tackle rising healthcare costs, haven fory members, amazon shutting down pop-up stores, all 87 closed by the end of april, amazon says it's rethinking fiscal retail strategies and more cashierless amazon bookstores, now they are moving back in, maria. maria: thank you, lauren. emotional day for gm workers this morning as final chevy rolls off the line in ohio plant, what's next for the automaker and that plant coming up? lebron james big moment last night, the lakers reaching milestone passing michael jordan on nba career scoring list, air jordans coming up moving? that's harder now because of psoriatic arthritis. but you're still moved by moments like this. don't let psoriatic arthritis take them away. taltz reduces joint pain and stiffness and helps stop the progression of joint damage. for people with moderate to severe psoriasis, 90% saw significant improvement. taltz even gives you a chance at completely clear skin. don't use if you're allergic to taltz. before starting, you should be checked for tuberculosis. taltz may

but to play, you have to be an employee at one of his berkshire hathaway businesses.r, not a single worker won the contest. in fact, none of them got past the first round of the 68-team tournament thanks to numerous upsets. ( james ) there are better odds at winning the lottery. there was no powerball winner over the weekend. the next jackpot, set for wednedsay is now at $550 million. the winnng numbers selected saturday night for the $495 million jackpot were 30, 34, 39, million jackpot were 30, 34, 39, 53 and 67 and the powerball is 11. ( will ) coming up in the next hour of the kron 4 morning news... roadwork on 880 will lead to overnight closures. we will tell you how long the closures will last. ( will ) plus... an east bay school principal is in critical condition after being shot. and police say his wife is responsible. knows you're the powerhouse who does it right. who knows the right tool has no equal. as the leader in outdoor power equipment, we do it right, too. so, you can show your yard who's boss. everyone wants to be (cthe cadbury bunny because only he

but to play, you have to be an employee at one of his berkshire hathaway businesses. year, not a single worker won the contest. in fact, none of them got past the first round of the 68-team tournament thanks to numerous upsets. ( james ) there are better odds at winning the lottery. there was no powerball winner over the weekend. the next jackpot, set for wednedsay is now at $550 million. the winnng numbers selected saturday night for the $495 million jackpot were 30, 34, 39, 53 and 67 and the powerball is 11. ( will ) coming up in the next hour of the kron 4 morning news... roadwork on 880 will lead to overnight closures. we will tell you how long the closures will last. ( will ) plus... an east bay school principal is shot and killed. and police say his wife is responsible. ( will ) plus -- san francisco takes action to protect bicyclists. but one group says it is not enough. even if no one in your home smokes, secondhand smoke can be closer than you think. secondhand smoke from a neighbor's apartment can enter your home through air vents, through light fixtures and

at one point, they said she chartered a play to the berkshire hathaway shareholders meeting in omaha, never paid the $35,000 bill. once under investigation, prosecutors came to the conclusion that her scheme was to claim to be a well they german heiress with funds held a prone. she told others that her father was an oil baron. he was really a former trucker. >> shepard: she could be deported, right? >> yes. she was been in jail since 2017. show will be facing deportation to germany regardless of the trial's outcome because she overstayed her visa. told her lawyer told the jury that sorkin believed she would have the funds to pay every person back. we've seen these photos from instagram. in her world, this is what her social circle did. she said people were fake, phone my and money was made on hype alone. >> thanks, laura. live in new york. if your birthday is today, happy birthday. here's your florida man headline, by the way. these five camera angles in the broward county courthouse in ft. lauderdale. let's focus on the upper right. an inmate, a florida man, walks up and punches a pu

discount is non-existent berkshire hathaway owns almost all of the float and everyone knows it's noting to get cheaper unless hesells and he keeps telling people he's not going to >>> one big investor enjoying the big come back in stock market during the first quarter is bill ackman his fund pershing square is off to its best performance. we'll showyou the ten stocks that have made up the great performance. look at them right now fannie and freddie up 50%. chipotle up 63%. restaurant brands 25 adp 21 united tech 20 lowe's and hilton and starbucks, all of those names have beaten the s&p. howard hughes has matched it up 13%. after going through a difficult period both personally and professionally ackman is in many ways rebooting himself and his firm new marriage he has a new logo. restructured and smaller company around $8 billion under management and what he hopes is the start of profound run of new found success. look, the guy didn't lose his talent for stock picking and he happens have picked real winners. >> you nailed it you used the word pick that's the operable word he's not go

. >> we're going to talk more about growth new health care joint venture between amazon, berkshire hathawayp morgan chase it will be called haven, to reduce health care costs, improve care for amazon, berkshire and jp morgan employees. it now has a name. >> progress is slow. that's the takeway for me. when did the ceo get appointed >> a while ago. >> no concrete progress. >> because the companies involved and how many employees would be affected. >> the name, haven >>> business leaders meeting with the president fo the first american workers policy board meeting. >> reporter: we're still waiting for that portion of the program where the president will meet with the leaders to begin. they took a break after two hours of question and answers about exactly what these two dozen corporate executives, state leaders and educational officials are doing, essentially to train the workforce of the future, newly advisory council that the white house assembled last month but it's an issue that the white house has taken an interest in since the beginning of the trump administration march 2017, remember,

he is in new york, half of his time spent in the berkshires.e is on board of the metropolitan museum of art. he is the leading american sculptor. he has become a master of civil war commission. general grant for philadelphia, unveiled by mrs. grant. this is to give you an idea. this is general hooker from boston. andnsuccessful general successful dedication ceremony. these were big deals in the day. on a more intimate level, this is french working in his greenwich village studio, a tribute to three brothers from his home town of concord, massachusetts, who had died in the civil war called "mourning victory." this is the marble version that sits in the met. here he is, highly successful, and he gets a terrific trial run. he is asked to do a lincoln for the nebraska state capital, which you all know what that is lincoln.- he always does a good deal of work, research. lincoln photographs, he gets the photographer to send him individual photographs, and he produces his own standing lincoln. down.ooding lincoln, face theman who was present when mode

why do you think berkshire hathaway, $110 billion in cash?o, because you note the stock market is in a recession, usually drops more than 35%. global recession probably even more. anyhow, 40-40-20 with allocation in the global recession. >> president stansbury: thank you very much. are there any other members of the public that would like to address the commission regarding this item? seeing none, we'll close public comment. thank you very much for the report. next item, please. >> clerk: 8, discussion item, risk management: strategic asset allocation review. >> very good, board members, while anna makes her way to the table, we have reconstituted the risk package that had been planned for the ics to do this over the next three board meetings. the first will be today on strategic asset allocation, the second will be on liquidity and pacing and cash flow. that's going to be a very interesting tables for the board to see. there's a very interesting graph in terms of the cash flow impact expected over the long term in the private market. third w

. >> that's the way berkshire hathaway looks at it apparently too. >> growth in health care and wearables and something that tim cook has pushed. with the partnership of va and health records and to see more of. >> working hard to make it less of a hardware and more of a services company. >> looking at the weakness in china that you might see that the u.n. rebounding and might help the chinese central bank is very intent in getting in there and addressing some of the slowing growth in the economy. so that might turn around the fortunes in china. >> they said watch the area even over the weekend not the best data but saying watch that for a tournament finally, a new report of "the wall street journal" highlights the race to breed chickens that grow faster and develop bigger breast muscles. consumers complain of squishy, stringy and leatheryfilets the industry is dealing with this issue. >> i'll turn to the resident chef, bill >> yes i mean, i have run into the problem of woody breasts that you can find in the store. i have never had the stringy breasts. this is more than i wanted the know

become an annual contest by warren buffet to employees at berkshire hathaaway to pick the winning brackethank you very much. jared: all for the employees. cheryl: love it. thank you very much. jared max. catch sports reports on fox news headlines 24/7, sirius xm channel 11. lauren: don't go anywhere. if you hate breaking in a pair of new shoes, gre gucci is doine dirty work for you. get it? it's going to cost you a pretty penny. keep it here. ♪ for get about the price tag. (clock ticking) (bell ringing) it's time. time for a new kind of cloud. the ibm cloud. the cloud that proactively protects your business from threats, instead of just reacting to them. that lets you modernize and move more of your apps without re-writing. that unlocks insights from all your data and puts it to work with ai. get a faster, more secure journey to the cloud. the ibm cloud. the cloud for smarter business. ♪ ♪ (bird chirping) lots to do, hope you fuelled up. sure did. that storm sure ripped through. yep, we gotta fix that fence and herd the cattle back in. let's get at it. (whistle) (dog barking) (♪) . . laur

>> in reading in berkshire in england, we tracked people over time after the event.ran three courses. had 335 people along to the three courses. of those, 122 started a business. 18 months lat 89% were still trading. i really do think that's because they started without debt, so they didn't have anything at the most vulnerable point of their business that would drag them down. >> reporter: in houston, some seemed more vulrable than others. ilar,e mom nikea si despite a law degree, has had her struggles. >> the house burned down. we stayed in hotels. i could not afford that. i went to my church. they suggested the salvation army. ths.ived there for six mon >> reporter: she's now in public housing learning to concentrate her conesidera talents on a theater business to entertain kids. >> the opporthere is meeting other people who are holding me accountable. >> reporter: cystal sipsi has learned social media marketing for her health and media consultancy. >> there are pod groups that you hen create among certain friends, and thaps kind of blast your information out a lot

it is a mini berkshire hathaway. companies they buy are high margin. 63% gross march begins. 50% ebitda gross margins. 50% recurring revenue. they take the money cash flow positive and plow them back into other businesses t looks good to us. connell: you like fronox and cypress semiconductor. let me push you to signal to us when we should know and say that is pocket of volatility, those are the times i should buy? is that when you have extremely volatile week or just a two-day period? >> i think it is a pretty violent selloff. one thing we pay attention to the volatility index, the vix. if you look at february of 2018, you can see the vix spiked over 30 t was a great buying opportunity through september 30th. look toward the end of the year between christmas and new year's, the vix spiked almost above 35. that was another great buying opportunity. what you're seeing in 2019, best two months in 38 hours. no volatility at all, vix is 14 to 18. look toward a period the vix spikes you get a little downdraft. that is what

first part of that, who knows what the stock will do, but yes, whitney has covered everything from berkshireo tesla. we will be watching it. deirdre, thank you very much. >>> okay. avoiding the avalanche of risk certainly is always important for you, the investor. with the closing bell ringing in about nine minutes and the dow still down about 227 points, did you see this caught on tape? i-70 in colorado's ten mile canyon near keystone, huge avalanche caught by a driver. thankfully ending up without incident, though. nobody was hurt. up next, our "countdown" closer on how to avoid the avalanche of problems by investing in etfs that he says could help your portfolio yield a mountain of profits. that and more is coming up on "countdown." -driverless cars... -all ground personnel... ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. . . nah. not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in ba

mark, warren buffett recently on cnbc i want to bring you those comments he said he quickly sold berkshire'sn oracle. the reason, he said i don't understand their business. my question is whether you think,ing whether you're concerned that other invests might feel the same way. when i talk to financial analysts who cover the company, they say at least right now, we're not getting enough metrics to have a clear line of insight into how oracle's cloud business is performing. how do you think about that? >> well, i think again, we're trying to give metrics that align to our strategy. license you can bring to the cloud or to work in pur data center, traditional if you will premise. we now report that as a separate line and we did that because much of our currencies that when you buy a license you can use that in the cloud or any way you would like so we're trying to report in a consistent way that we think gives investors transparency to what we're really working on my view has always been reporting numbers that aren't exactly what we're driving internally is not a good thing, not helping -- mor

. >> berkshire hathaway. i bought it in 2007. it went down in 40%. i rode it. it's up 150% i know your position on taking some winnings off the table and paying tax, but i'm 77 years old and would like to let it ride for my heirs >> i'm going to agree with you i want you to let it ride. there is no reason to sell that stock. that company is doing terrific we're going to hold on that. i like your analysis let's go to craig in new york. craig? >> zimmer biomet holdings. >> i like striker more than i like zbh i like intuitive surgical more they know like that one. and then my favorite is tandem diabetes, which i reiterate, if apple would buy, they could then start a $10 a month service that everybody would take tandem diabetes would add close to $20 million in market cap to apple. the vision that i have it's a vision. hey, how about we go to ren in missouri >> caller: hey, thanks for helping the home gamer. >> you, bet, man that's where i am. what's up? >> caller: jim, i think you need time off and i appreciate the episodes you prerecord on july >> you're nice i a

an exclusive interview with berkshire hathaway's warren buffet we'll talk apple, airlines, rates.sk him about that, the stock market rally, fed rate cuts and so much more. speaking of the growth debate. gdp slowed in the fourth quarter barely hitting the administration's 3% goal that's q4 over q4. we'll get into the math. the likelihood that rate cuts may be coming. >>> plus, lyft to 100? an airline collapses leaving passengers stranded and tommy hilfiger is back that's in rapi