and, again with, with berkshire the sum of the parts of berkshire including companies like burlingtonnd geico are considerably worth more now. jack: gold selling a -- goldman, a time to buy. >> it's got a great fran choose, coming off record or earnings and pretty reasonably valued. they've been diverse fewing to areas like questioner banking, and those initiatives show promise. jack: and real quick, your fifth pick is newman mooning. is that kind of an inflation play? >> it's an inflation play. i i mean, gold is up 20%, bitcoin, as jack howe mentioned earlier, is tripled. i'd rather own gold than bitcoin. and the world's leading gold minor offers a good play on gold. it's pretty reasonably priced at about 13 time, next year's earnings, it's very with run and is likely to have steady production, over 6 million ounces a year for the next decade or more. jack: andrew, always a pleasure. to see the rest of the pick,s, you're going to have to pick up the magazine before nexium 24hr, anna could only imagine a comfortable night's sleep without frequent heartburn waking her up. now, that dre

he and his colleagues in the berkshires created this mammoth, 1200 pound cheese, produced as he described it, by 900 cows, not one of them a federalist. the cheese was the size of a large millstone and was brought james: yes, if we can go to the cheese slide. this engraving was done in -- james: yes, if we can go to the cheese slide. this engraving was done in jackson's presidency, several decades after jefferson's presidency. we have no image of the jefferson comparable cheese. this one is very similar. massachusetts preacher by the name of the elder john welland, as he was called, was a very well-known proponent of religious freedom, and had suffered prejudice as a result of that. he and his colleagues in the berkshires created this mammoth, 1200 pound cheese, produced as he described it, by 900 cows, not one of them a ederalist. the cheese was the size of a large millstone and was brought down on a six horse wagon from massachusetts. all along the way, welland would stop in towns and cities and give speeches about religious freedom. the cheese was the drawing card for that, people came

become the lifeblood of commerce and they are willing to pay up-for-for it, including, by the way, berkshire hathaway, the largest investor not a stock owned by warren buffett which bricks me to the next winner. in a world where data is treasured companies need to protect it hence the interest in cyber security, more companies you don't see but the investors keep buying them up if these companies are so invisible how do we even find out about them you look at the winners in each industry and see how they are spending the money why is chipotle the highest profit restaurant chain. because they are digital they handle take yovout, now making more money before covid when they were jam packed with customers. starbucks, next week will tell you about a tech revolution that will talk about through-put bolt necks. you think it's coincidence that starbucks brought in kevin johnson, a technologist, not a coffee guy, for a reap someone who knows more about java script than java beans, because these stocks are more obvious, a lot of people end up owning the chipt liz and starbuckses and that's fantastic.

it affects bedfordshire, buckinghamshire, berkshire, parts of essex, hertfordshire and surrey.bbc website. it's another blow to theatres, too, including the theatre royal in windsor, who've had to cancel pantomime performances of cinderella. they had been allowed to go ahead with socially distanced performances under tier 2 but that can't happen under tier 3 rules. archaeologists have made a surpising discovery, inside an empty shop in barnet in north london. a wooden building from the middle ages was revealed when plaster and boarding was removed for a refurbishment. experts were able to date it— by studying the timber, and the distinctive patterns found on the wood. it's a bit like a fingerprint, it's unique to the time it grew in, somewhere between 1330 and 1360. certainly looking at the outside of the shop i had no clue. quite remarkable for something in north london. despite an incredibly busy and challenging year, staff at the royal london hospital have — in their personal time — recorded a charity christmas single. they're raising money for wellbeing projects for staff,

he and his colleagues in the berkshires created this mammoth, 1200 pound cheese, produced as he described it, by 900 cows, not one of them a federalist. the cheese was the size of a large millstone and was brought down on a six horse wagon from massachusetts. all along the way, welland would stop in towns and cities and give speeches about religious freedom. the cheese was the drawing card for that, people came to see the cheese and wound up seeing reverend welland as well as the cheese. when he got it to the white house, jefferson had it set up in the east room and opened the doors for the guests to come and sample the cheese. and he used it as a kind of metaphor for the common man and the produce of farms and working people who were the backbone of a country, and who produced goods like the mammoth cheese. it was quite an entertaining event and sort of condemned by the federalists. praised by the rupublicans. -- praised by the republicans as one of the exhibitions jefferson wanted to promote. colleen: how long did the cheese remain in the east room? james: too long. there is not a preci

bedfordshire, buckinghamshire, berkshire and hertfordshire will be subject to tier 3 rules, as will partseast sussex, cambridgeshire and hampshire. bristol and north somerset will move from tier 3 to tier 2. herefordshire will move from tier 2 into tier i. the health secretary told mps the measures are needed to suppress the virus and said, "we've come so far, we mustn't blow it now." all the details come from our political correspondent helen catt. not so long ago, hastings in east sussex had one of the lowest rates of coronavirus in england. now a surge in cases has pushed the town into tier 3 along with a huge swathe of the south east. it is therefore necessary to apply tier 3 measures across a much wider area of the east and south—east of england, including bedfordshire, buckinghamshire, berkshire, peterborough, the whole of hertfordshire, surrey, with the exception of waverley, hastings and rother on the kent border of east sussex, and portsmouth, gosport and havant in hampshire. these changes will take effect from one minute past midnight on saturday morning. millions of people acro

will apply in all current tier 3 areas in the south east including london, kent, buckinghamshire, berkshireand hertfordshire. that's more than 17 milllion people. in this new tier, a stay at home order will be issued to residents except for those travelling to work or for education. there will be no christmas bubbles. social mixing will be restricted to meeting one other person in an open public space. nonessential shops will close, along with personal services such as gyms, beauty salons and hairdressers. no one should enter or leave a tier 4 area. and there are also changes to the advice for those living in tiers 1 to 3 in england. the so—called ‘christmas bubbles‘ will be restricted to just christmas day. the advice is to remain local and not to travel internationally. our political editor, laura kuennsberg has the full stiry. another twist in 2020's terrible,. that the pirate is outpacing politician and the publics attempt to get hold of itjust when the time of year journeys are to get hold of itjust when the time of yearjourneys are meant to get hold of itjust when the time of year jou

when we come back, our special interview with berkshire hathaway ceo warren buffet, and goldman sachs small businesses that's straight ahead. >>> also, take a quick look at the futures as we head to that break. you're going to see the dow indicated up by about 167 points, s&p futures up by 24, the nasdaq up by 77. "squawk box" will be right back. the usual gifts are just not going to cut it. we have to find something else. good luck! what does that mean? we are doomed. [ laughter ] that's it... i figured it out! we're going to give togetherness. that sounds dumb. we're going to take all those family moments and package them. hmm. [ laughing ] that works. >>> good morning and welcome back to "squawk box. i'm joe kernen along with becky quick and andrew ross sorkin the u.s. equity futures are about where they were when we started the show, and getting back what we gave back yesterday. basically down 180 yesterday, up 170 on the dow becky. >> joe, thanks we're going to get right to our big guests this hour and a special conversation on small business the pandemic has taken a particularly

i forgot that was one before berkshires's holdings now. dom, we appreciate it. see you again soon let's tick into the jobs report for a movement positive news on the unemployment rate this morning. there was continued job growth last month but that was offset about concern about falling labor force participation and more permanent layoffs versus temporary ones let's talk about what it all means for the economy and whether the covid bill that seems to be make its way through congress can help to addressterm joining me is michelle meyer, head of global economic research i read one figure that says we're down 4 million jobs from this time last year. there's a huge portion of the labor force that's sitting this one out. >> that's exactly right. that's one of the considerations when you look at the unemployment rate, 6.7%. it's great and much better than where we thought we'd be at this point in the cycle, but that's in part due to the fact that people have left the labor force as a result of the covid pandemic, and they are only coming back slowly in fact, when you

yet it's bigger than berkshire hathaway so the jury is still out, whether tesla can generate the kind of earnings to sustain a $500, $600 billion market cap. >> wanted to get to some of your picks, scott you like dr horton, which i find interesting. we've seen the housing market very strong and, in fact, put today's numbers with recent numbers there's some questions about whether that's hit a peak. >> i don't think it's a peak we hit 1.55 million homes, recovery high since '08. i checked yesterday at the close. 30-year conventional mortgage is down 2.26% we haven't seen rates like that since 1950 horton has had a straight-up record for years the average price per home is really only $300,000 they've already given guidance for next year that they should do somewhere between 24 and 25 billion in revenue at the midpoint and 24.5 billion, up 24% for the september fiscal, it's a $71 stock, selling at nine times earnings. we talk about the markets 22 times. the company returns 22% on equity very low leverage, especially for home builder the debt equity is .1. they generated about 1.13 billi

that windfall buffett noted, quote, did not come from anything we accomplished at berkshire. so it's funny, deficits just didn't matter to the 52 when it was tax cuts to the 600 richest people in america. but even if this congress wasn't ending in five days and we had time to figure out how to pay for it, you know how we can't pay for it? cutting foreign aid. president trump has been talking a lot about foreign aid in the last week. now, the money we spend on foreign aid all supported by democrats and republicans over the years, all of it smart investments in our nation's security, that actually wasn't in the covid relief package. it was in thage budget as it always is. it just happens the covid relief package and annual budget were passed together. but just for argument sake, let's say trump got his way and every single dollar of foreign aid was cut out of the budget. would that pay for the $2,000 checks? not even close. president trump apparently has an oversized impression of how much money we spend on foreign aid because our annual foreign aid spending doesn't even equal

much wider area of the east and south—east of england, including bedfordshire, buckinghamshire, berkshirepeterborough, the whole of hertfordshire, surrey, with the exception of waverley, hastings and rather on the kent border of east sussex, and portsmouth, gosport and haven't in hampshire. these changes will take effect from one minute past midnight on saturday morning. millions of people across northern england and midlands will stay in tier 3. i regret having to take the action we have to take. i deem it necessary and there is a strong view right across government that these actions are necessary. greater manchester has been under the toughest restrictions for months and the rate of infection has come down, below the average. despite that the government has decided not to move it to tier 2 yet. the problem with tier 3 as it is devastating from an economic point of view and that is what we said to the government. if they will keep places in tier 3 today, then there has to be much more financial support. some areas will move down a tier. bristol and north somerset to tier 2, herefordshir

megan berkshire had an idea while out for dinner with her family and friends at this ohio restaurant.as just to get as much donations for a christmas tip for our server. >> reporter: you heard that right, she's planning to give this waitress, denise lewis, a christmas surprise. >> we just want to let you know that god put you on everybody's heart. >> reporter: while at dinner, she posted on facebook, "we are going to bless this server with your love. whatever is sent will be this lady's tip." within minutes, hundreds of dollars pouring in. >> i remember her taking my order and my venmo account going, "cha-ching, cha-ching, cha-ching." >> reporter: when it came time to pay the check -- >> there was like 100 people that logged on to see her face. >> reporter: megan, live on her facebook page, with the reveal. >> we opened up a venmo account and whatever from the time we sat down goes in your pocket. >> are you serious? >> so, you got $1,500. >> reporter: $1,500. >> oh, my god. this is a joke right now! >> it's not a joke. >> reporter: denise had been laid off from a previous job during

bedfordshire, buckinghamshire, berkshire and hertfordshire are the latest to be subject to the strictestt of surrey, and parts of east sussex, cambridgeshire and hampshire. the only parts of the country being moved into lighter restrictions are bristol and north somerset, which go from tier three to tier two, and herefordshire, which goes from tier two to one. the changes come just days before the five—day relaxation of rules over christmas. here's our health editor, hugh pym. this is what tier three looks like. closed bars, pubs and some other venues, it's what many areas of england have experienced for a while and now more parts of the south—east will join them, following others which moved up yesterday. the government said the tightening was required to bring virus cases down. no one wants tougher restrictions any longer than necessary, but where they are necessary, we must put them in place to prevent the nhs from being overwhelmed and protect life. labour offered support for the new tier moves but called for tougher rules over christmas. portsmouth, gosport and havant have moved up

pc harper died afer he was dragged for more than a mile behind a car in berkshire last year.ounced she shifted to online teaching — and the impact this had on her children was stark. her efforts to draw out something positive from the experience led to her writing a christmas song — and, to her surprise. it's gone global. here's emma's story. # la, la, la—la, la, la... # when lockdown was announced, i was at home, in devon. our whole professional world turned around overnight to zoom lessons. it's lovely to see you here today. are you ready to roll? # something is tapping in my box...# a lot of families said, oh, this is good fun, let's all have a go at doing the digital thing. but i think, after several weeks, you could get a sense of screen fatigue. smash! over the nine months, we noticed that many of our children are more reserved. they're less responsive to engaging with each other. language delay is becoming more evidenced. # christmas is here again, all around the world...# i was thinking, how can i make this a positive experience? how can i write something that is goin

its website how it made money from students with the brokerages such as said all securities and berkshire financial so robin hood on the surface advertisements 3 commission this trading they instead generate revenue by rowdy customer orders to trade which then pay for the right to execute many of these trades so this practice is known as order flow and this creates. the interest for brokers like robin hood because of the incentive to maximize the progress revenue rather than ensure that customers get a good price on their trades so that as he said the robin hood made misleading statements and admissions and its customer communications and that the website did not disclose that its largest revenue source for making money was doing these payments from the strain so as a result robin hood's customers order for executed at prices that were inferior to other brokers prices they found that these inferior prices led to the loss of $34100000.00 for customers despite the fact that robin hood claimed that its execution quality matched that or that of its competitors so now robin hood is saying that

as of this morning, the residence of reading and berkshire are among 38 million living under tier 3 restrictions open but entertainment venues must close and cafes and restaurants can only do take way. for places like this the move into tier 3 is coincided with the last weekend before christmas stop traditionally the biggest one of the year for retailers here. businesses have put money into decorations to try to make the town centre field tested, and a place people want to come. the question is how many people will? they don't let you in if there is too many people so it seems to be all right. i thought i would come down early because i wanted to get in before gets too busy. we have still got to carry on, haven't we, but safely hopefully. this gift shop says there has been a rise in online orders but tried on the high street has just got orders but tried on the high street hasjust got harder orders but tried on the high street has just got harder and harder. orders but tried on the high street hasjust got harder and harder. we have got half the staff we normally would have and we are just not ta

tesla will be the seventh biggest name in the s&p 500, between berkshire hathaway and visa.eral motors has scrapped plans to take an equity stake in clean energy trucking startup nicholas and his dropping the idea of jointly building the new badger pickup truck. that sent shares in nikola tumbling. gm will allow nikola to use its hydrogen fuel technology in semis, but it won't take the 11% equity stake it had proposed earlier. rishaad: onto the vaccines. moderna requesting clearance for its coronavirus shot in the u.s. after analysis showed it highly effective at preventing covid-19 with no serious safety problems. we asked the chief executive about the results and how the company plans to distribute the vaccine. analysis the interim of phase 3. today we are announcing the final analysis. is the most important serious cases. all were on placebo. zero were people who got a vaccine. when you think about what happened in terms of serious cases leading to hospitalization, death, this is a big moment in the fight against this pandemic. our goal is to get the vaccine approved in t

pc harper died after he was dragged for more than a mile behind a car in berkshire in august 2019.rport are lawful. the scheme had been blocked by the appeal court, which said the government's airports strategy didn't meet up—to—date uk climate targets. the firm behind heathrow can now seek permission to go ahead with the runway. 0ur transport correspondent caroline davies reports. it is just over there where that tall tree without leaves on is... justine bailey has lived on the border of heathrow airport for 25 years. the proposed third runway would be opposite her house. the runway would be about where the bungalows, you can see some chimneys at the end of the road. that is literally where the runway would be. so you wouldn't be able to stand here without ear defenders on if they were using the runway. today's judgment was not what she was hoping for. it won't be possible to go on living here because the air will be far too polluted. it will be far too noisy. most of my neighbours will have had their houses bulldozed and will have had to move. protesters gathered outside the supr

stone to a day and this stock is from the 1000 fifty's sixty's and seventy's and it got for the berkshires in the 1990 s. will die will be economically fargo this is when industry is growing and there is employment in industry now india is at a stage where last year we had more unemployment than the last 45 years so when those well are there are alternative and we undercut the conditions that the farmers act in already where are they going to go so is this out it did model of reform that is being pushed on people with lot of done it there's a great don't. power to be co-parents on which this government wants to hear the prime minister says this is a politically motivated move by by the opposition to the whole of the reform process but when you look at the consensus that has been prevailing india since the sixty's is that for the government to give a sense of dignity to the small farmers there needs to be always this minimum support price which is the m.s.p. to ensure that people will never be able to be manipulated by corporate corporations this is not what this reform is addressing and th

we have seen in the past other examples of companies that have been included, take berkshire hathawayle. the largest, it was company added and then we saw them underperform in the following year. are we going to see something similar given the expectations that have already been priced in? ivan: that is a risk. that is an issue. sometimes stocks correct by not going downward but going sideways. i'm very bullish for 2021 and u.s. stock market and there's been a lot of enthusiasm and a big run-up in tesla stock. yes, there is some risk of it pulling back but the inclusion in the index and the new so we will have to wait and see because you could have seen at any one point in time it was too high before the split. i have a neutral on the stock because it has been a hard stock to buy because of the valuation of volatility but the benefit of the doubt goes to the upside every time because of investor and enthused -- investor and consumer enthusiasm for the company and its ceo. shery: yep so many investors going into tesla because they are joining the s&p 500. will they be cashing out of ot

bedfordshire, buckinghamshire, berkshire and hertfordshire will be subject to the strictest rules, ass of surrey, east sussex, cambridgeshire and hampshire. they'lljoin the other areas already in tier 3 — shown here in red — that's 38 million people in england. but there's better news for bristol and north somerset, which move from tier 3 to tier 2, and herefordshire which goes from two to one. here's our health editor, hugh pym. this is what tier 3 looks like, bars, pubs and some other venues closed, it's what many areas of england have experienced for some time and now more parts of the south east are moving into, following others yesterday. the government says the tightening was required to bring cases down and help the nhs. yesterday, the welsh government made the decision to tighten restrictions gci’oss the decision to tighten restrictions across the whole of wales. no one wa nts across the whole of wales. no one wants tougher restrictions any longer than necessary but where they are necessary, we must put them in place to prevent the nhs from being overwhelmed and protect life.

you're trying to develop wecommercial into a berkshire-type business, right? >> that's right. it was founded on a busy started about ten years ago. i met the ceo and now president of shopify at a conference. at the time i was actually running a web design firm and he said i love the work that you guys do. i would love for you guys to be one of our first partners. so we became one of shop pify's first partners, they were very small and hadn't raised even venture capital yet. we took a bet on them, really liked them. that's turned into a very significant business and has been a tremendous ride. >> you have about 30 companies. what is it about the shopify platform that attracted up? everything is seemingly or most are in that ecosystem, as you put it to me, prior to this appearance, it's sort of like investing in the barnicles on the whale itself. >> yeah. i think everyone realizes that amazon is huge but what they don't realize is that shopify is massive alongside amazon. it's number two to amazon in terms of gmv through the florm and it's really the only alternative to amazon.

in the berkshires. i'm filming in boston, so i'm commuting. i allowed to know what you're doing in this film? >> it's calmed "don't look up" and it's about a global catastrophe, but it's sort of funny, like dr. strange love for 2020, a global warming metaphor for that. it's a big starry cast and lots of fun people. >> stephen: and who do you play? >> well, i play president of the united states. >> stephen: oh, perfect. perfect. so in the strange love model, you are president merck mufflin. >> yes, indeed (laughing) except i have a chief of staff, who is my son, and that's jona jonah he had our first scene on friday and i was so bad. >> stephen: what? well, i've been in this, you know, quarantine because they have to be very careful, and i'm totally alone, and my first scene was entering a stadium full of 20,000 people as the president, my big face on the jumbotron in front of me, and i just, like, completely lost it, i couldn't remember anything. uh but i'm sure it will be fine in the edit. >> stephen: well, it's so amazing. that's where the r

hathaway,f berkshire j&j, and a small bank in new york.asically, it is a myth that tesla's inclusion make it tom'solatile, but to point, all of these behemoths, apple, facebook, all of these are such large parts of the s&p at this point and the nasdaq if any of that them have volatility, it is going to push around the index much more than it had in the past. does this lead to increased volatility down the line? gina: probably not because the volatility of those bigger names is only declining over time. this is not a trend that happened just in 2020 or necessarily purely a reflection of what is happening with respect to coronavirus. but if you look at the stocks like google and facebook and amazon as good examples of this, they were much more volatile five years ago than they are today. they were also more expensive stocks five years ago than they are today. they are growing into their valuations and growing into their s&p 500 status. -- theyy, their big cap are big cap tech stocks, but they are significantly more defensive than smaller seg

it's a little too concentrated for us especially in nation like berkshire hathaway but we chose the 900 value. >> professor wellington, what do you think of this purchase >> i like it in theory in practice some of what you're hoping to achieve i'm afraid may not happen the s&p 900 value while i think better than the 500 value, it's still a cap-weighted benchmark so it's almost the exact same as the s&p 500 value. i think if you were to run a chart of one versus the other, you're not going to see a lot of gap between the two performance lines. the cap weighting still is going to put almost all that index in the s&p 500 names and very little in those incremental 400 names. and then again,if we just look at the history, and i don't mean to pick on s&p, all the large cap value indices have this issue. it just how they're constructed. but you could have made the perfect call and said, you know what, on march 18 lt of 2020, this has gone on too far low pe stocks have sold off and i'm going to go all in to value. if you bought the value index like the s&p, you've underperformed since then by 1

from coca-cola, to city, to caterpillar, to jpmorgan, merck, lili that's just on the 16th of april, berkshire, bank of america, micron. there are a lot of well known and household names that the senator told between april 14th to the 16th. >> right that's right our understanding is he offloaded the vast majority of his stock positions during that period i want to get a hat tip to senate stock watcher, which is a third-party analysis site that gathered all the public senate filings and generated lists like the one you're looking at. they did some really good work that we analyzed for our story he seems to have sold off a boat load of stocks at that time. it might be worth mentioning as well as long as we're talking about this year's trading, senator purdue has gotten into some trouble with his campaign opponents in georgia over trading he did when coronavirus was on the radar but the outbreak was not fully under way or at least americans did not understand that it was getting well under way in late february. at that time he bought pfizer, he bought dupont, he also sold caesar's in late februar

. >> in my experience watching berkshire hathaway for years, i've never seen him take a small position and stop there. usually it the beginning of a larger position. this is a company that has the flexibility to continue to make acquisitions they just sold their stake in moderna, that stock went up 600% this year. i view that as a wise sale independent n i'm not sure there's that much more to go the cancer franchise is dominant i think above 85 it's a technical breakout, which is a ways from here but that's the next catalyst. >> steph, i come to you for a word because you just bought schlumberger, didn't you >> i was actually just about to mention that i did just buy it. i've owned it in the past. >> i think she bought mine >> sold to you from josh brown >> and i totally understand josh i really do. i get it take the loss, move on and clear your head. but i think this is the number one company in the industry. they have the best margins and i think they're going higher and they have this digital franchise that's only 13% of their total revenues that is going to double over the next cou

in the berkshires. commuting-- >> stephen: oh, that's nice. >> kind of back and forth, yeah. >> stephen: am i allowed to know what this film is or what you're doing in it? i'm always excited for the next one. >> yeah, it's called "don't look up" and it's about a global catastrophe, but it's sort of funny, like "dr. strangelove" for 2020, a global warming metaphor for that. and yeah, it's a big starry cast and lots of fun people. >> stephen: and who do you play? >> oh, well, i play the president of the united states. >> stephen: oh, perfect. perfect. so in the "strangelove" model, you are president merk mufflin. >> yes, yes, indeed. ( laughs ) except i have a chief of staff, who's my son, and that's jonah hill. and we had our first scene on friday and i was so bad. i realize, i came out of the-- >> stephen: what? >> well, i've been in this, you know, quarantine because they have to be very careful. and i'm totally alone, and my first scene was entering a stadium full of 20,000 people as the president, my

northern eastern pennsylvania through the scranton, women bare area, cats skills, hudson valley, the berkshirese a few spots near boston could get up to 18 inches of snow. as we go throughout the snow today, travel will be impossible as the snow moves into pennsylvania this afternoon and this evening. here's the snowfall totals, harrisburg, 18 to 24, scranton, 18 two 24. hartford and boston 12 to 18. new york city, close to a foot. when you mix that sleet in there, especially philadelphia area, that's why your totals are less. sleet and rain in areas like washington, d.c. kasie, the one good news with this storm, we're not going to see raze high winds. i do not think we'll get a lot of power outages. the snowfall should be historic, but i don't think the flooding and the winds are going to cause too many problems. >> well, that's some good news, especially for folks dealing with cold weather impacted by that. i've got to say this is yet another example, bill, of the washington, d.c. weather being consistently disappointing. we're basically going to have a day full of sleet. here's hoping that k

i promised i would reveal the book that berkshire hathaway's warren buffett recommended to me when we on the phone last week, so we're having a conversation about investors and what they should know but don't, and he blurts out the name of this book. i said what should i be reading? he gives me the name of this book. okay. does everyone have their browsers open? because it's pretty much out of print. when i went online to buy it, there were not a lot of even used copies floating around so i wanted to give you all the fairest shot to jump on. are you ready? the book warren buffett recommended to me and said i had to read is called "where are the customers' yachts" or "a good hard look at wall street." the book is by fred schwed, jr. mr. buffett told me it is a clear-eyed and hilarious reveal that every investor ought to read and by the way, he read it when he was 10 years old. i mean, he bought his first stock when he was 11. he was always thinking in that way. but the book is "where are the customers' yachts, a good hard look at wall street" by fred schwed. see if you can get one of t

berkshires could get it, areas in massachusetts, north connecticut, hills outside of boston, worcestersily get 18 inches. sometime they call it a plowable snow. this is like numerous times you're going to have to employeemployeplow. as far as winds go, i'm not concerned with a lot of power outages. usually in nor'easters we deal with power outages. this is a very fluffy snow, it's very cold in the northeast today, that will save us, chris. these winds in 30 to 50-mile-per-hour range, they shouldn't cause a lot of power outages. it's more like inconvene convei then you have to dig yourself out. >> hopefully they'll get it cleared with the fluffy snow quickly. thanks, bill karins. that will do it for me this hour. we're waiting for president-elect joe biden's event to start any minute. we're told the motorcade just pulled up to the venue and he's expected to formally introduce pete buttigieg as his nominee for transportation secretary. we'll have that live up next. andrea mitchell will be talking to have the senator bernie sanders about his push for more covid relief and about the biden

a much wider area of the east to southeast of england, including bedfordshire, buckinghamshire, berkshireand rauf are on the canada border of east sussex and portsmouth, gosport and hampshire. these changes would ta ke and hampshire. these changes would take effect from one minute past midnight on saturday morning and i know the tier 3 measures are tough but the best way for everyone to get out of them is to pull together, not just to follow the rules, but to do everything they possibly can to stop the spread of the virus. as we mentioned earlier in the programme the american food and drug administration panel has been discussing whether to authorise a second vaccine — from moderna. it follows the roll—out this week of the pfizer vaccine. and while some have welcomed the vaccines with literal dancing in the streets, others are not so sure. particularly among the nation's african american communities, as aleem maqbool reports. a black doctor inoculating a black nurse. the first us coronavirus vaccination in front of the cameras is also clearly a message to african—americans that the vaccin

some areas moving into tier 3, bedfordshire, berkshire, buckinghamshire, peterborough, all of hampshireor you. right now, time for a look at the weather with darren bett. hello there. the best of the weather today has been across more eastern parts of the uk, where it has been drier and sunnier. but we are seeing the weather changing from the west. and we have got this set of weather fronts coming in, the cloud already thickening up, and it is rain that is coming into western areas as well. through this evening, that wetter weather in the west will continue to push its way eastwards to many parts of the country. some heavier bursts of rain over the hills, but the rain does tend to peter out before it arrives across east anglia and the southeast, and we could see a few breaks in the cloud in scotland, with some showers following in from the west. but it is going to be a very mild night, a breezy night, and by the end of the night, most places will be in double figures. but friday looks like it's going to be cloudy for much of the country. we will see more rain developing, heavier rain in

bedfordshire, buckinghamshire, berkshire and hertfordshire will be subject to the strictest rules, asparts of surrey, east sussex, cambridgeshire and hampshire. they'lljoin the other areas already in tier 3 — shown here in red — that's 38 million people in england. but there's better news for bristol and north somerset which move from tier 3 to tier 2, and herefordshire which goes from two to one. here's our health editor, hugh pym. this is what tier 3 looks like — bars, pubs, and some other venues closed. it's what many areas of england have experienced for some time — and now, more parts of the south east are moving into, following others yesterday. the government said the tightening was required to bring cases down and help the nhs. yesterday, the welsh government made the decision to tighten restrictions across the whole of wales. no one wants tougher restrictions any longer than necessary. but where they are necessary, we must put them in place to prevent the nhs from being overwhelmed and protect life. labour offered support for the new moves, but called for tougher rules over c

it is owned by buffett >> owned by berkshire. >> yes >> can't wait.tonight. 6:00 p.m. eastern. speaking of cloud. microsoft's head of cloud will join us. holding on to s&p 3,671. ♪ should auld acquaintance be forgot ♪ ♪ and never brought to mind ♪ should auld acquaintance be forgot ♪ ♪ and auld lang syne ♪ we'll take a cup of kindness yet ♪ ♪ for auld lang syne next customer please. ♪ ♪ >>> good thursday morning. welcome to "sqwawk on the street." sima is with us this hour. we'll go back to rick. >> yes, our november final read on ism services expected at 58.8 over delivered by .1 at 55.9 following an unrevised 56.6. sixth month in a row in expansion territory. not the highest read we've had 58, 56.9 you see better than expected so we'll continue to monitor this and all the other pmis as we try to move towards the other side of the covid-19 virus dav david, back to you >>> thank you. news out from boeing we'll get to phil la low with details. >> boeing announcing a big order for the 737 max. let me show you a live picture just outside the boeing offic

berkshire, hathaway, not warren buffett, another fund manager. you have marc benioff in there, institutional names and this weird thing happening where you get these stocks to a certain point that even the tesla instance gets added to the s&p, it is a cap stone, carl, back to you. >> we're going to talk about tesla later on this morning, guys first, delta is focusing on holiday travel obviously amid the pandemic, as well as how soon vaccines can get to the public let's get to delta's ceo with our phil lebeau today. hey, phil. >> hey, carl let's bring in ed, thank you very much for joining us you're just announcing that you're going to be permanently waving change fee for international flights. we'll talk about that a little bit. right out of the gate, i got to ask you about the latest numbers from the tsa 500,000 people screened yesterday. there is a concern -- serious concern within the industry that we're starting to see the slowdown and people are just saying that's it, i'm not going to fly right now give me your take on business right now. >>