sell >> wow mike, what is the trade here for the financials >> yeah, so, i mean, berkshire, as he just pointed out, the largest constituents at 1.4 times book and one could argue that we have seen the money center banks which make up the next four largest constituents and i'm talking about jpmorgan, wells, bank of america and this is pretty much the highest levels that we've seepn in ten years but valuation is only part of the story what i am thinking about the fourth quarter for 2018. for anybody who doesn't remember how that turned out. xlf dropped by about 23% a 23% drop in xlf from the $28.5 high that we recently saw could get us down to 29.5. playing on the charts that carter is talking about and we have some pres cancedent given weakness the 35 were about $1.37 when i was looking at that earlier today. and 31 for 37 cents and spending a dollar for that quick spread and that gives me a 3-1 payoff we saw, obviously, some weakness in the market broadly but the financials were one of the areas we did see considerable weakness and i'm not saying we'll get that again but this does have

leading the way. >> wow mike, what is the trade here for the financials >> yeah, so, berkshire is theargest constituent at 1.4 book is not overwhelmingly expensive. and one could argue we have seen the money center banks making up jpmorgan, wells, citi and bank of america but right now the entire city is trading 1.7 times book this is pretty much the highest levels in ten years. valuation is only part of the story. what i'm actually thinking about was fourth quarter 2018. for anybody would doesn't remember how that turned out, xlf dropped peak to trough on the taper tantrum by 23%, drop from xlf from $38.50 high we recently saw would get us to $29.50 so playing on the charts that carter is talking about and also the fact that we have some precedent given what is causing this weakness, i think we can look to september put on a put spread. i was looking at september 35 put spread about $1.37 earlier today. 31s were about 37 cent net/net i'm spending $1 for that $4 put spread to give a 3 to 1 pay off. we saw weakness in the market broadly but the financials were one of the areas that we

now when buffett made this pledge back in 2006 he owned about 47 5,000 berkshire axe shares and 15 years founder is at 238, 600 shares all total worth about $100 billion. as you look, right now, berkshire shares may be moving lower but year-over-year the a shares are up more than 53% and buffett's resignation from the gates foundation board follows his giving co-founders bombshell divorce announcement which left many questions swirling about the future of their philanthropic venture but just because he's resigning doesn't mean he's stopping donations. look at these two stocks. they are losing more than 30% a piece at this hour, after the white house confirmed that president biden can move into fire the trump-appointed regulators of these two names, mortgage giant fannie mae and freddie mac, after supreme court ruled that the white house can do so. charlie gasparino, you've been doing this for a long time, mark calabri appears to be out soon? charles: he's toast but let's backup a little bit the reason the stock is down is what the supreme court did is reject most of these arguments from

you mentioned berkshire hathaway the biggest weight on their insurance company which sub sector looks the weakest in your view >> within financials it's regional racks meaning the circumstances james discusses which is how much excess return they deliver and now the fact can'trepeat on march 18th thin about that, the market's gone a lot higher since then, regional banks have exhibited poor strength for weeks and weeks, there's a lot of beta there. interestingly tony's level 33 exactly where the 150 day moving average comes into play. >> let's move on to nike, company is gearing up for results next week. tony, what's the set up here >> nike had a great year last year but really has underwhemed for 2021 i expect a little bit more of that to come on earnings next week when we look at the chart itself, the stock is largely trading sideways for the left 8 to 9 months and breaking intermediate support levels of $130 more importantly relative to you the consumer discretion arsector nienge is nike is breaking below strength levels doesn't bode well going into next week looking at the business

general milly statements and how the military of grappling with the racial reckoning is richard berkshire, executive director of black veterans project. good, see richard. you as well. thank you for having me. well, richard, i know that you're on the front lines of this and have been for a while general milli wasn't even prime to discuss critical race theory or race much at all at that hearing. conservative kind of tried to box the mean and the 1st black defense secretary lloyd, often at the same time what republicans got in return was probably the most astute recognition of the importance of black history. how white supremacy caused the january 6th and direction and the dangers it poses for the nation. what are your thoughts on the mili testimony that's now been seen over 6000000 times on twitter? i thought it was courageous, but i'll contextualize that by saying that the 1st black secretary, this man could not o pine in the same way and the chairman could write. and so he was being an ally in that moment and leading in to something that the secretary of defense didn't have the capacity

from monday, residents in parts of reading and wokingham in berkshire will be urged to have a test ase. one of our real concerns about this delta variant is if it keeps circulating, people are not getting sick at the moment, we have virtually no hospital admissions, if it keeps circulating, we might get some more variants, more mutations. that is a concern. we want to try to minimise the number of these variants in the community so that we can get people vaccinated first. the latest figures from across the uk show there were more than 6,200 new coronavirus infections in the last 24—hour period. that is the highest daily number of cases since the end of march. 11 deaths were recorded in the last 2a hours. although hospital admissions are rising again in areas affected by the delta variant, on the whole they continue to remain low. what we think we can start to say now based on that experience from those who have been right at the front of this wave is that it does look as though the vaccines have kind of broken the chain between catching covid—i9 and potentially being very, very seriou

i'm sure we will visit you in berkshire west to - will visit you in berkshire west to see how it is workingsational records. i was looking for chinks in the armour but there aren't— for chinks in the armour but there aren't any— for chinks in the armour but there aren't any at— for chinks in the armour but there aren't any at all. no dialjust looks— aren't any at all. no dialjust looks absolutely incredible on clay. it will _ looks absolutely incredible on clay. it will take — looks absolutely incredible on clay. it will take something really big for him — it will take something really big for him to get... yesterday, serena williams continued on her quest for a 24th grand slam, seeing off fellow american danielle collins in straight sets. serena hasn't got past the fourth round in five years but is now the highest ranked seed in her half of the draw. this whole week thus far, ijust needed a win. i needed to win tough matches, i needed to win sets. i needed to win being down. i needed to find me and know who i am. tottenham's search for a new manager continues after they called off talks wi

half of the year the market's never gone down i don't like to use the words again, but that guy, berkshirey charlie munger with post pachb dem mick. >>> plus, investors bullish outlook on the stock your morning rbi and good news, good news for jobs seekers across the country very busy hour it nourishes and strengthens my joints for the long term. osteo bi-flex, plus vitamin d for immune support. it's another day. and anything could happen. ost it could be the day you d welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. get ready for it all with an advanced network and managed services from comcast business. and get cybersecurity solutions that let you see everything on your network. plus an expert team looking ahead 24/7 to help prevent threats. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the fastest, most reliab

berkshire hathaway of course buffett donated $4.1 billion of berkshire hathaway's shares to five charitablehis latest donation gets him halfway to his goal >>> on wall street, the dow down 716789 71 >>> i'm shepard smith on cnbc. it's the bottom of the hour, time for the top of the news a high school basketball coach fired after his players were accused of throwing tortillas at a rival, largely-hispanic team in an apparent racist taunt. >>> a months-long standoff at sea finally over as the owners of the boat that blocked the suez canal reach a deal with the authorities who seized it. >>> plus, britney spears speaks her mind she told a judge all i want is to own my money and for this to end. britney spears broke down during a rare public statement, begging a court cut off her father's control over her life and fortune after 13 years under a conservatorship. britney spoke over the phone in court and called the situation abusive, that she can't sleep, she's depressed and cries every day. she even told the judge she wants to get married to her boyfriend and have another baby but that she's forc

and so having berkshire in this deserve trust culture where i am basically the chief executive officerwn the company and we're running it that way. so it's a very unique platform, i think, to build a brand in for brooks it's been a huge advantage in our category competing. >> jim, let's talk a little bit about where things stand right n now, especially with supply chain issues that's something that we hear constantly here is how the supply chain held up. what are you dealing with? >> we've never seen anything like it. it's all -- all the issues that everyone has in their windshield, we have, too first of all, it's demand. you know, we're fortunate because we grew through the pandemic last year 27% we're up 60% year to date as of yesterday. demand is very strong. it's not just, i think, the crusting of the ketchup and people having money and back out spending that's clearly happening retail is strong our category, we think we're in a secular running growth spurt and our brand is benefiting from that then we have all the issues in the supply chain we're fortunate because we reacted quick

and 10% of my portfolio in berkshire hathawayts thank you. >> all right dr. that question and the comments, too joe terranova, what's the advice >> okay. so, dr. satish, you already have significant exposure in financials with berkshire hathaway we covered energy. the area i want you to focus on is materials i will give two names. freeport mac more an mosaic, which is an agriculture play >>> managing the volatility. that's a topic i will sit down with kari firestone. there she. we will do it onnbc "pro talks. we will layout a playbook for pro subscribers on how to manage the recent ups and downs in the market kari will be answering questions directly from subscribers. you can still register if you are a pro subscriber and you can join pro right now cnbc.com/pro, withinhe cnbc app today at 1:30 p.m. eastern i was going to you there, kari i want you to save your energy, save all of your answers, all of your best marial for our pro subscribers coming up day with me at 1:30 all right. we will take a quick break we will come back and look at some of the stocks hit

hathaway, of course, buffett also donated $4.1 billion of berkshire hathaway's shares to five charitables ago he pledged to give away all of his stock in the multinational conglomerate or 99% of his total wealth. buffett says his latest donation gets him halfway there >>> on wall street, the dow down 71 the s&p down 5 the nasdaq up 18 i'm shepard smith on cnbc. it's the bottom of the hour. time for the top of the news >>> a high school basketball coach fired after his players were accused of throwing tortillas at a rival largely hispanic team in an apparent racist taunt. >>> a months long standoff at sea finally over as the owners of the boat that blocked the suzanne canal reach a deal with authorities who seized it. >>> plus britney spears speaks her mind in court. >> crocker put it best, leave britney alone. the pop star said essentially the same telling a judge all i want is to own my money and for this to end. britney spears broke down during a rare public statement begging a court to cut off her father's control over her life and her fortune after 13 years under a conservatorship. b

surge testing is being rolled out in parts of berkshire, where cases of the delta variant have risen.f 12 in parts of reading and wokingham will be offered tests from monday. public health england has said that the delta variant is now the dominant strain of coronavirus in the uk, with the number of cases confirmed by laboratory analysis rising by 79% over the last week to 12,151. coronavirus restrictions have eased for millions of people in scotland today. glasgow has moved down to level two, which means people can meet in each other�*s homes, in limited numbers, and drink alcohol in pubs and restaurants for the first time in almost nine months. but a planned relaxation across some other parts of the country has been delayed. alexandra mackenzie reports. restrictions in glasgow have been eased. life is beginning to lookjust a little bit more normal. as the city moves to level two, it is the first time this new bar has been allowed to serve alcohol inside. it is starting to be a weight of people's shoulders. i think there is always an anxiety when everything is all the time, you know,

surge testing has been extended to areas of reading and wokingham in berkshire, after some cases of the detected. decisions on opening up onjune the 21st may not come until the weekend, as the government weighs up the needs of the economy and keeping the virus in check. hugh pym, bbc news. the latest government figures on coronavirus show in the past 2a hours, one death was reported, and there have been 5,683 new infections. which means an average of 5,111; new cases per day in the last week. 127,345 people have received a first dose of the vaccine in the latest 24—hour period, and over 40.4 million people have now had theirfirstjab — that's 76.8% of uk adults. while the number of people who've had their second dose of the vaccine in the latest 24—hour period is almost 260,000, which takes the overall number who've had their second jab to over 27.9 million, meaning 53% of uk adults are fully vaccinated. the parole board says a man who raped and killed two schoolgirls can be freed from prison after serving more than 30 years. colin pitchfork was jailed for life after strangling lynda man

time, reporting just over $1500000.00 in income, and paying only 4 $150000000.00 in taxes, while berkshire hathaway is warren buffet seems to be the biggest offender paying just $23700000.00 in taxes on $125000000.00 and reported income as his wealth grew by $24300000000.00. now i want to know something that is very important here. the growth in wealth is due to assets including equities, which of course continue to climb over that time period. but if they don't take the cash out, they would course not be subject to income tax on that. there's a lot to discuss here and to do so, let's bring in professor richard wolf is the host of economic update and author of the thickness is the system when capitalism fails to save us from pandemic or itself, professor wolf. i usually start these segments with a y or a how, but the truth is we already know the answer. these billionaires are able to work the tax system by moving money here. they're having teams of law, tax lawyers are accountants to work the system. and those who actually respond to the pro public, there were 3 of them, they maintain, the

we'll get you in as soon as possible. 18 to 2a—year—olds at a vaccination centre in berkshire today — to get the jab. been looking forward to having it for so long and to know there is some protection in a few weeks' time is fantastic. with the delta variant, which was first identified in india, believed to be 60% more infectious than the variant first found in kent, the race is on to vaccinate as many people as quickly as possible. back up a bit more there, please. thanks _ second doses for the over 40s are being brought forward, bookings for everyone over 18 will open by the end of the week, and byjuly19th all adults should have been contacted and offered a jab. so, do we have enough vaccine? supplies are the main issue. we have sufficient supply to immunise young people with both pfizer and moderna vaccines. that could change in the future, but that is the situation as it stands now. but those on the front line of the battle against the delta variant are calling for extra supplies. in cheshire, where they are surge testing after a spike in cases, local leaders have written to the g

black rock and these other like warren buffet, are berkshire hathaway. they're become the new property bowers, the biggest owner of houses in america right now is a private company called black rock blackstone, blackstone, fusing all the time. so here you have, i, are they transition from home on our ship as part of the american experience or dream s i'm calling to being outdoors to barons who are now going to engage in price gouging. so when you see the price of property houses up 45 percent a year, that's not because the market is reflecting g d p growth or wage growth. now is reflecting price, gouging by slumlord, in this case the, the black stone. yeah. right. and i want to say in the last moments of the 1st path, i just do want to point out that there is on paper, at least some benefit toward more less of a home ownership and more renting. because you're obviously more agile. you can move around, go to where the jobs are. however, that is an economy with jobs. like china say, we don't have jobs in america. all we have is money printing. so you need

tonight they discuss their six-decade friendship, the first deals they did together and what makes berkshirepremieres tonight at 8:00 p.m. don't miss the "market zone" which is after this short break. what happens when you make power your thing... above everything? you decide fast... is never fast enough. you put muscle over matter. and you make horsepower... a superpower. ♪ welcome to the brotherhood of muscle. talk to me. what do we got? when you have xfinity xfi, with blazing speed... [ screaming ] a powerful connection. that's another level. and ultimate control. power us up. you can do more than you ever thought possible. yes! hold on. get a powerful and secure connection you can count on. only with xfinity xfi. and see f9 only in theaters. ♪ ♪ sales are down from last quarter but we are hoping things will pick up by q3. yeah...uh... doug? sorry about that. umm... what...its...um... you alright? [sigh] [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers plus some of the lowest options and futures c

surge testing is being rolled out in parts of berkshire, where cases of the delta variant have risen.parts of reading and wokingham will be offered tests from monday. public health england says the delta variant is now the dominant strain of coronavirus in the uk, with the number of cases confirmed by laboratory analysis rising by 79% over the last week to almost 12,500. joining me now is dr flavio toxvaerd, an economic epidemiologist at the university of cambridge. should the government at westminster, looking towards the zist westminster, looking towards the 21st ofjune for england, or any of the devolved administrations, removing final restrictions at any point in the foreseeable future, in your opinion?— point in the foreseeable future, in your opinion? thank you for having me. first your opinion? thank you for having me- first of _ your opinion? thank you for having me. first of all, _ your opinion? thank you for having me. first of all, the _ your opinion? thank you for having me. first of all, the answer - your opinion? thank you for having me. first of all, the answer i - your

he's announced that he has reaches halfway mark in giving all of his berkshire hathaway shares to charityconductors has hit a record 18 weeks and continues to affect industries like cars and electronics. research shows that up by seven days from the previous month, the gap already the most since the firm began tracking dating a 20 -- dating in 2017 and four weeks longer than 2018. coming up, are we about to see a two wheeler come back. we will speak to one company that smashed and bashed and deliberately crashed its scooter s to prepare it for the pandemic. this is bloomberg. ♪ emily: tesla and smaller e.v. stoxx and jumped outperforming the broader market -- e.v. stocks and jumped outperforming the broader market. the most american-made vehicle for 2021. it's investing $50 million in exchange for a 20% equity in a clean hydrogen project. are you getting back to the office? e-scooters littered the streets after taking off in december of 2017, but covid-19 has -- has kept a key customer at home. now the industry is hoping to capitalize on the post-pandemic community wave. ed ludlow caught

surge testing is being rolled out in parts of berkshire, where cases of the delta variant have risen.eading and wokingham will be offered tests from monday. public health england says the delta variant is now the dominant strain of coronavirus in the uk, with the number of cases confirmed by laboratory analysis rising by 79% over the last week to almost 12,500. dr flavio toxvaerd, an economic epidemiologist at the university of cambridge. he said it's unclear whether further easing restrictions is a good idea because there hasn't been a credible assessment of the impact of various options. nobody can say with certainty what the right thing is to do, and the reason is that nobody has done a credible cost benefit analysis or impact study on either the lockdowns or releasing the lockdowns. so we understand the trade—offs. 0n the one hand it is true that we have done very well with the roll—out of the vaccine, which does seem to offer some protection, but on the other hand there are new uncertainties that we have to just admit that we don't fully understand now, which is that there is a r

the plant is operated by chemtool, and owned by unit of warren buffett's berkshire hathaway and makese cans and fluent. no injuries have been -- makes lubricants and fluids. no injuries have been reported so far. u.k. and australia announced rod terms of a trade deal, and a push to expand trade be on the opinion. the deal is expected to cut tariffs on scotch, clothing and cars. it is due to reduced levies on agricultural products, which has drawn backlash from the farming sector in britain. u.k. sees it as the first ally outside the eu since brexit. president joe biden says he worn vladimir putin relations between the u.s. and russia will be severely damaged if alexei navalny dies in prison. navalny, the political opponent of printing, the victim of an apparent assassination attempt -- opponent of putin come of the victim of an apparent assassination attempt. bided is due to meet putin into -- biden is due to meet putin in geneva wednesday, his first meeting as u.s. president. >> every world leader here is a member of nato that spoke today, and most and it, thanks me, for meeting with

the first deals they did together and what they say makes berkshire hathaway stand out among the packrn we'll be right back. keeping your oyster business growing has you swamped. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >>> as the stock market continues to ascend, so does the gap in the nation's wealth our robert frank has that story for us robert >> good morning, david the stock market has become far and away the biggest driver of wealth in america. of the $25 trillion that americans gained over the past year, 15 trillion of that came from stocks and mutual funds that is also the largest and fastest wealth gain in history yet this market rally has been special top heavy. the top 1% gained $8 trillion in stock wealth over the past year, more than half of the total. their stock wealth increased by 74% during the pandemic. now, the bottom 90% of americans, they also saw some gains, they were much smaller, t

about the wait. 18 to 24—year—olds at a vaccination centre 2a—year—olds at a vaccination centre in berkshireward to having it for so long and to know there is some protection in a few weeks' time is fantastic. with the delta variant believed to be 60% more infectious than the variant first found in kent, the race is on to vaccinate as many as quickly as possible. back up a bit more there. _ many as quickly as possible. back up a bit more there. second _ many as quickly as possible. back up a bit more there. second doses - many as quickly as possible. back up a bit more there. second doses for l a bit more there. second doses for the over 40s _ a bit more there. second doses for the over 40s are _ a bit more there. second doses for the over 40s are being _ a bit more there. second doses for the over 40s are being brought - the over 40s are being brought forward, bookings for everyone over 18 will open by the end of the week and byjuly all adults should have been offered a jab. so do we have enough vaccine?— enough vaccine? supplies are the main issue _ enough vaccine? supplies are the main is

companies like berkshire hathaway expand what they are doing in their field and companies that provide benefit from that. jonathan: are you interested in doing it through the technology that goes into the car? mario: the answer is we look at the entire ecosystem. i am picking batteries because if you saw the graduate, which was r-rated at the time, there was a scene where dustin hoffman has to confront the husband or is confronted by the husband, and we are now getting into details. this is a family program, i think. batteries is a good sound bite. you could've said removal of plastics, recycling, but i chose batteries because i spent 55 years in the auto industry. lisa: there is a question, if we want to go to the graduate where dustin hoffman was under the water blowing bubbles and trying to reset his life. there is a question as you try to look for bottom up opportunities about how to evaluate what is been priced in. a lot of the companies you're talking about, the industries with renewable energy and batteries have been highly bid up because people agree with you. at what point is

. >>> programming note catch buffett yan& munger they share stories of what made berkshire hathaway thatback after this. i'm 53, but in my mind i'm still 35. that's why i take oste bi-flex to keep me moving the way i was made to, it nourishes and strengthens my joints for the long term. osteo bi-flex, plus vitamin d for immune support. >>> today's most random, but interesting thing has to do with jobs, costs and possible inflation. because they are all going together right now in a way that we have not seen if yn years or decades. first off, the job market is as hot as it can be many small businesses just cannot find workers. you can insert your own reason why here overall, the job need is not a debate the conference board reporting last month the percentage of americans who say jobs are quote plentiful, is nearly 47% that's up about 10% from the month before by the way, wite get the june number later today we have it tomorrow. this is causing mom and pop shops to pay workers more. you probably heard stories of 17-year-olds to get $20 an hour that usually pay minimum wage. and on cnbc.co

for twin sisters from berkshire georgia and melissa laurie, though, it will forever be the stuff of nightmaresand leg and broke her wrist. in a moment of incredible bravery, georgia dived to her sister's aid and hit the animal repeatedly to force it off. boatman and bird—watcher lalo escamilla happened to be passing with his own tour when he heard the commotion. translation: | waded i through the undergrowth, clearing a path with the oar. i made it over to the mangrove where i found a woman who was down and another one who was holding her arm and holding her head up. i asked, what happened? they said, crocodile, crocodile. in hospital, melissa developed sepsis and was placed in a medically induced coma, from which she has thankfullyjust emerged. in a voice message shared with the bbc, georgia gave an update on her twin's condition. just want to let you know that i saw mel earlier and she's doing really much better. she's doing really good. they took the tube out of her. she's been breathing on her own very well. she can't talk because of the soreness in her throat from the tube. they said that

buffett also announced he has reached the halfway mark in giving all of his berkshire hathaway shareso jerry. former -- to charity. former new york police captain eric adams leads the mayoral primaries. andrew yang has dropped out. guardian angel founder has won the republican nomination. the biggest property deal on the less biggest strip in more than a decade opens tomorrow. it features 3500 hotel rooms, celine dion and residency. construction at the site began back in 2007, but was halted by the recession. honda is phasing out sales of gasoline vehicles. honda is set to make a target of 2042 have all electric cars. the automaker also plans to unveil three new electric motorcycles by 2024. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> right now the key issue for the fomc is wind as the economy get to this point where we meet these conditions we have set out in time for the lift off of the funds rate. jonathan: that was john williams, the federal r

berkshire hathaway famously does not pay a dividend. because of that, warren buffett's ince as a major shareholder ends up being relatively low every year for someone with as much money as he has. so his wealth shot up by tens of billions of dollars in it a five-year period when focused on in our story, and he paid in the millions in taxes. that is because his company is structured in such a way use never really realizing those gains in a way the u.s. tax system recognizes. juan: what would be the ways that the government could be able to move into this whole area of wealth versus income in terms of -- obviously, a lot of these ultrawealthy people like michael bloomberg and soros and buffett end giving a lot of their wealth to foundations as a means for them to avoid paying even a wealth tax for the end of their lives. >> yeah, it is one of the aspects of the system that if nothing else, if you do donate your money to charity, there's not going to be a moment when those gains are taxed. so you get stuck to charity, for instance, is not

fahey founded berkshire barks . >> there's only phone calls can you make in a day, only patients you: the strain is taking its toll. >> not only veterinarians but their staff are really burnt out right now. some emergency clinics are so burnt out they're limiting the amount of hours they're open. >> reporter: economists say in cities and suburbs, demand is high and owners may have to wait weeks for a regular appointment. for farms, ranches and feed locks, treating the animals, central to our food supply. >> we're seeing a lack of veterinarians going into those areas. and a lot of that still surrounds the whole income problem. >> look at you. >> reporter: the income problem. vets graduate with an average of $150,000 in debt, and the average salary when they get out? >> these days $82,000 to $85,000. >> add crippling debt, fatigue, stress, and emotional strain of caring often deeply for animal patients, sometimes it becomes too much veter veterinarians, their nurses and techs experience roughly double the suicide rates of the general population in part because they have easy access to

as they share stories of their friendship, the deals they've done over the years and what makes berkshiresing it. as your broker, i've solved it. that's great, carl. but we need something better. that's easily adjustable has no penalties or advisory fee. and we can monitor to see that we're on track. like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. >>> hi everybody welcome back let's catch you up on a few stories that should be on your radar right now. it is time for rapid fire. here to help break down the ed hadlines, we welcome bob pisani, seema mody, and ceo of destination wealth management. first up it's a win for big tech the ftc's antitrust complaint against facebook and the entire case brought against 48 attorneys general dismissed by the court ruling, failing to prove facebook's monopoly power. that news sent surging yesterday, propelled facebook above $30 trillion for the first time it isn't the end

what they say makes berkshire stand out from the pack and more called buffett and munger, a wealth andtern time as well you definitely want to catch that all right. well most of the nation's biggest banks are raising their dividends. after passing federal reserve stress tests we're getting some top picks in the banks and financial sector your investment committee as wellcong, mi up next on halftime the dow at 14. see you in two minutes do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. if you have one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit conventrydirect.com to find out if you policy qualifies. or call the number on your screen. coventry direct, redefining insurance. this is dr. arnold t. petsworth, he's the owner of petsworth vetworld. business wa

puppies or people moving from the city to the massachusetts country side where the doctor founded berkshiren make in a day. only so many patients you can see in a day >> reporter: the strain is taking a toll. >> not only veterinarians but their staffers are burned out right now. very burned out. some of the emergency clinics are so burned out that they're now limiting the amount of hours that they're open. >> reporter: veterinarian economists say in cities and suburbs, demand is high and pet owners may have to wait weeks for a routine appointment. but in rural areas, the shortage of veterinarians is acute for farms, rarnches and feedlots >> we're seeing a lack of veterinarians going to those areas, and a lot of that still surrounds the whole income problem. >> reporter: the income problem. vets graduate with an average of $150,000 in debt the average salary when they get out? >> these days, $82,000 to $85,000. >> reporter: add crippling debt, fatigue and stress of caring for patients, sometimes it becomes too much veterinarians, their nurses and techs experience roughly double the suicide r

is a slight risk, there's even a chance for isolated tornados from the albany area, through the berkshires watch that choicely that will bring an end to this epic heat wave we've been watching and dealing with. it will be hot just like it was today. but, if you want one stat that really just blew me away in this whole pacific northwest thing, this was the largest differential from the all-time record we've ever seen so in other words, we have all these climate sites around the country. portland broke their previous all-time record by eight degrees. we've never seen that before in our country's history. that's how off the chart it is has been in the northwest. >> thanks so much, bill karins >>> you've heard of plant-based meat, right? how about seafood? don't fire up the grill just yet. it turns out replicating what's under the sea, easier said than done >>> and serena williams leaves wimbledon's courts in tears. the center court slip raising questions about the surface. >>> and one of the people who lived near the collapsed building in florida, what are they being told about their own buil